September 25, 2009
To whom it may concern:
Raising fees on the advisors that have been hit harder than any other part of the financial industy would be, not only unfare, but would also put many of the members of the group out of business. This might include myself who is a small producer. I am considering leaving the industry without any additional fees. The new add costs might just be the straw that breaks my back.
I have never had a complaint or action with the regulators, and have not added to the FINRA's costs. Any addtional fees would be punishing the wrong people. FINRA should raise the cost to those who are in violation.
FINRA should cut costs and lower fees not raise them.
James G. Timpa