August 4, 2008
SEC 151A is another attempt at micro managing an area that is already very carefully scrutinized.
The amount of paperwork has increased 10 fold the last application was 27 pages long with lengthy questions on validity of sale.Plus replacement forms etc.
the crowning blow is that there is never any principal at risk ever.
Can the stock brokers, etc make that claim?
this is knee jerk reaction to someone who wants a piece of someone else's pie.
Stop this thing in it's tracks now