|
The investopedia article does mention a drawback where smaller firms may have to shut down or sell themselves to other firms, due to compliance costs.
Of course, some of those will be doing so due to not being able to scam their customers anymore, so I'll shed no tears for them. But there may well be honest firms that have some problem with the required paperwork.
Just being devil's advocate here; I'm fully in favor of implementing the rule. But that's what the Republicans will be referring to when they say the rule will diminish customer choice.
__________________
_________________
|...............| We live in the nick of times.
| Len 17, Wid 3 |
|_______________| [pics]
|