August 10, 2009
While I understand the misbehavior and scandals that have led to these proposals, I am concerned that decent financial advisors - like mine - will be prohibited from conducting one aspect of their business.
And, intentionally or not, it will give huge advantage to those huge financial firms which have not been of benefit to most Americans, including me.
Isn't there already enforcement that precludes predatory activities by financial advisors...? Surely allowing them to market their services is in the interests of the SEC, the markets, and investors.