It appears that my fears of caps on compensation have been kept at bay, for now. Here is a recent update on the executive compensation...
Obama Seeks Powers for SEC on Executive Pay, No Outright Caps
This actually makes me pause a bit (and I would welcome some feedback). But, having a securities license myself, I am blown away by the amount of scrutiny, paperwork, and red-tape that I have to go through to simply do my job as a self-employed independent representative. Banks have their own set of hurdles to jump through.
It is almost to a point now that regulators impose so many controls that it ceases to make sense to stay in business. But this isn't new to other industries as well. Take the construction industry. You have all kinds of issues (bonding, licensing, unions, OSHA, etc.) just to operate the business. These controls are hurting our productivity as a nation and will continue to until Congress get's their act together.
Grace & Peace
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