What Obama's Reform Means to Us

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Jun 20, 2009 8:02 pm

Hey Registered Rep Users

Been lurking for a minute, but never posted before. 

I have some pretty strong opinions about the new regulatory reforms and what they mean for our industry. 

Figured this would be a good place to air 'em...

On the "Brokers as Fiduciaries" thing, you can read my take here:  http://thereformedbroker.com/2009/06/20/what-obamas-brokers-as-fiduciaries-change-really-means/

On why over-regulating small firms caused the Too Big To Fail phenomenon:  http://thereformedbroker.com/2009/06/19/howd-they-get-too-big-to-fail-in-the-first-place/

Anyway, I hope to visit more often in the future, thanks for any feedback...

TRB

Jun 20, 2009 8:21 pm

Reformed - can't wait for the feedback you'll get on this site.

Jun 20, 2009 8:22 pm

hopefully not all hatred

although Im a broker and therefore accustomed to rejection...lol

TRB

Jun 20, 2009 8:30 pm

For what it's worth, I agree with a lot of what you write, so you won't get too much bashing from me. 

 
I don't think the new regulations will hurt the bigger firms much however.  They will adapt and adjust and find yet another way to jam their finger in the eye of the investor.
 
 
Jun 20, 2009 10:46 pm
ReformedBroker:

Hey Registered Rep Users

Been lurking for a minute, but never posted before. 

I have some pretty strong opinions about the new regulatory reforms and what they mean for our industry. 

Figured this would be a good place to air 'em...

On the "Brokers as Fiduciaries" thing, you can read my take here:  http://thereformedbroker.com/2009/06/20/what-obamas-brokers-as-fiduciaries-change-really-means/

On why over-regulating small firms caused the Too Big To Fail phenomenon:  http://thereformedbroker.com/2009/06/19/howd-they-get-too-big-to-fail-in-the-first-place/

Anyway, I hope to visit more often in the future, thanks for any feedback...

TRB



Don't feel bad. Most people don't post in their first minute.