June 30, 2009
I am in favor of the auditing process but only if the limits of assets exceeds a larger amount than the $50 million current limit.
The smaller firms will not be able to afford these audits without substantially increasing feess.
I suggest the asset base for audits be increased to $250 million, which will take into account the larger firms.
Richard H. Wagener
Registered Investment Advisor
5950 Symphony Woods Road, Suite 412
Columbia, Maryland 21044