September 28, 2009
To Whom It May Concern:
It has come to my attention that the above reference file number refers to the intent of FINRA to double and or raise the fees that broker/dealers and advisors pay. At this time of economic disaster, it seems inconceivable to talk about raising fees. My revenues are down by more than 60% and I have heard the same from other advisors in the industry. We are all suffering from this economy and like other business owners are trying to cut costs wherever we can, instead of rasing my fees to cover the lack of revenue. I feel FINRA should go back to the budget processs and figure out where they can cut costs not just raise fees.