Merrill Lynch Rule and Senior Designation

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May 20, 2007 8:36 am
May 20, 2007 10:41 am

This is good and long needed. You know how many seniors I see who hold 20 yr index annuitties they bought from some schmo whose card says CSA

May 20, 2007 12:03 pm

As a person who is dogmatically committed to markets, I am always uncomfortable with another expected round of regulation. It generally means a bunch of rules being written by people who have very little familiarity with the business that they're regulating. (This was particularly evident in the Spitzer reforms of the early 2000s.


That having been said, there is a significant logic in putting some controls in place. In addition, it makes sense to have the CFP and CFA organizations start to serve in a self regulatory role for financial advisors, particularly as the industry is so fragmented and this one of the most significant first steps in that direction...

May 20, 2007 1:30 pm