August 2, 2010
Compliance is one of the biggest issues in my office. I hold a life, PC, and 6 and 63 license. I have audits from my Home office once per year, as well as my Regional Director in Las Vegas. Doing what is best for the client is critical in what we do, but these new layers of supervision being proposed does not add any additional protection to the consumer, but adds a lot more work to my office.
Many products will not longer be worth my time and effort to sell or service, which would leave a gap in coverage to many clients that need the services, but are unable to correct the problms themselves. Also many clients I feel would be unwilling to pay up front fee's for these services, but welcome them as a value added service.
At a time what clients need the most help, I feel this bill makes that help harder to get.