July 16, 2009
I would like to express my concern about the proposed legislation that would require IAs to have an annual audit by a CPA and potential surprise SEC audit. The cost of this program will be passed along to the consumer and, therefore, make it more costly for consumers to seek the investment advice that they so desperately require. Please consider these ramifications when drafting this legislation.
Kevin Brosious, MBA, CPA/PFS, CFP
Wealth Management, Inc