August 6, 2010
We are highly regulated and we do not need more regulations on top of regulations. My company has its compliance officers checking on everyone and their files making sure there are no violations and in complaince. They make sure that we follow proceedures that are already established within our industry.
Also, our compensation is not better served or established if we moved to a fee-based versus commission based. Advice is the same in either model that bests serve the needs of our clients.