August 24, 2010
The proposed legislation will actually cost my clients more, through government intervention, to do business.
We are currently heavely regulated in regards to our actions. Compliance with my broker dealer is strickly inforced. We are tested and retested regularly on laws and regulations.
I have had action taken with the state of Oregon and have experienced the power of the law. It is extensive.
This new regulation will only cause more paperwork, and make the paperwork more burdensome for no good reason
It bogs down business, is more burdensome for the consumer, and the regulatores. I can just see it requiring more goverenment employees to triple check current business
The clients I work with object now to a fee based charge. They don't like paying when they see their account are down. They really don't get it. If we are forced to do business that way I fell it is a dis-service to the client.