Computer 10,980 Posted November 11, 2016 Share Posted November 11, 2016 I have spent MONTHS working on projects related to compliance of this rule If he cancels it 💚💛💕❣⭕💢💢 | ⓜⓔⓡⓡⓨ ©ⓗⓡⓘⓢⓣⓜⓐⓢ Link to post Share on other sites More sharing options...
xoxo cupcakke 4,781 Posted November 11, 2016 Share Posted November 11, 2016 3 minutes ago, Computer said: I have spent MONTHS working on projects related to compliance of this rule If he cancels it Oh Lort, why is this week such a mess Link to post Share on other sites More sharing options...
Computer 10,980 Posted November 11, 2016 Share Posted November 11, 2016 4 hours ago, Voltaire said: This rule was put into place to protect older citizens from being convinced to put their money into investments that make the advisor a lot of money but aren't in the best interest of the older citizen. Deleting that protection means that the sales people can now consider only their own interests, and do not have to give sound advice to the elderly. It means that people could be tricked into bad investments and the courts, instead of protecting that elderly person, would simply say: you bought it, its your problem. In simplest terms, it protects the sultan from Jafar. There is a huge effort required for all types of financial products, even existing ones where clients are allowed to add additional premium or funds to their product and requires lots of system changes to track sources of funds and whether transactions are solicited from an advisor. It also changes compensation structures for distributors. I justcan't believe after all of this he might cancel it tho. What is my life 💚💛💕❣⭕💢💢 | ⓜⓔⓡⓡⓨ ©ⓗⓡⓘⓢⓣⓜⓐⓢ Link to post Share on other sites More sharing options...
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