August 9, 2010
In my opinion, there are plenty of regulations now. To the point that complying with regulations takes valuable time out of field actually consulting with clientelle.
I currently hold several Insurance Lines of License as well as Series 6 and 63 Registrations. We spend a few days a year auditing our files, and meeting all the compliance issues.
More regulation will involve hiring individuals just to check for compliance which is daunting task financially for a small business provider.
I would like to see some consolidation of compliance issues we have now instead of considering adding more.