July 6, 2009
As a 1 person financial planning firm acting in a RIA capacity , your "surprise audit rule " would impose additional financial burdens and administrative costs that would far exceed the suggested benefits. I have been in business 25 years and have not had any problems or disputes with clients that would rise to the violation level. Wouldn't that be enough to exempt me ? or better yet please rethink your proposal and refine or eliminate it. Thomas Nasta,
Chartered Financial Consultant
Personal Financial Planning, Inc.