August 19, 2010
I believe these new regulations do nothing to help investors. History show with fact and figures that most clients do not hold on to their funds on average more than 4 years. This has been detrimental to their performance. I for one guide my clients and we look to add to positions in down markets and take some profit in up markets. If you continue to penalize professionals for spending the time and effort for clients and not allow them to get paid for the work we do, those clients will be limited to a self-serve atmosphere. I believe intrinsically you are hurting the consumer because unfortunately most sell in down markets and buy in up markets.