March 29, 2005
I just received a notice from my broker dealer regarding potential new forms requirements for all registered products. I have only been in the securities business for approximately 2 months and frequently find myself overwhelmed with paperwork. Not only do I find myself overwhelmed but the client is frequently overwhelmed by all the forms they must read and sign. Adding additional forms will only further frustrate myself and the client. In addition, manifesting such an enormous workload for advisors only creates costs that will ultimately be passed along to the consumer. I understand the purpose of such forms is to protect the consumer but unfortunately I feel this sort of change will only harm the consumer in the end.