August 24, 2010
Stop and think about what you are doing. The vast majority of advisors, registered reps, insurance agents, etc. do their best trying to do the right thing and care deeply about their clients. Each regulation imposed makes it that more difficult to each to do their job.
In an ideal world everyone would work for free(including people that work for FINRA). But's that not reality and somehow advisors must be paid. We can debate fair compensation till the cows come home but shouldn't the market determine what's fair. I don't have a problem with full disclosure and in fact encourage it.