This new rule will surely drive small broker dealers to leave. The regulatory burden has become too much. This new rule is impossible for the small broker dealers to manage as we don't have the resources. The regulations would harm investors by denying them access to a broad range of valuable investments that could help them achieve long-term financial goals.
Eduardo Tovara Comment On Regulatory Notice 22-08
This new rule will surely drive small broker dealers to leave. The regulatory burden has become too much. This new rule is impossible for the small broker dealers to manage as we don't have the resources. The regulations would harm investors by denying them access to a broad range of valuable investments that could help them achieve long-term financial goals.