July 30, 2010
I believe the current level of scrutiny should be sufficient to maintain the levels of compliance that the Dodd bill seeks to achieve. The time, effort and cost by my broker dealer will only be increased and cost us all time and energy to no greater level of improvement. If the intent is to strangle the industry this will be the beginning to that end. I get reviewed twice a year with compliance and I don't think my habits will change by more regulation and oversight.