We agree. But then we usually do. Too many here wish to judge a law based on how good or effective it is or they agree with it or not. But we should first ask if there should be a law. In most instances there should not be a law. Why do adults need a law to govern a private contract?
Exactly.
Just to be clear I don’t agree with the new law, by “do something” I was advocating the elimination of the one on fiduciary obligation that advisors claim bars them from a direct performance based fee structure on individual accounts.