September 10, 2004
I do not agree with the rule. There is no regulation of the stockbrokers concerning the financial planning advice. Only a CFP, certified financial planner is registered under the Investment Act of 1940. It is already confusing to the public as to the levels of knowledge, expertise for financial planning. A stockbroker has not completed the same training as a CFP.
LeTort Management & Trust Company
3130 Morningside Drive
Camp Hill, PA 17011
717-761-7626 (ph) 717-761-7842 (fax)