(07-28-2019, 09:39 AM)mikesez Wrote:

(07-28-2019, 07:51 AM)Predator Wrote: The state of West Virginia has the authority to regulate what happens in their state. They don't need a federal regulation to decide what they believe is best for their state.

I find that line of argumentation to be so insincere.
If coal waste doesn't belong in streams, then it doesn't matter which level of government says so.
look at the science and the consequences and decide if it's acceptable to dump coal waste in streams or not.
Don't expect a document that was written before people were ever mining coal to have much to say about how to manage that activity for the benefit of everyone in society.

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(07-28-2019, 07:51 AM)Predator Wrote: As far as the DOT regulations on IRAs, people hated that rule because they could no longer take advice from an individual advisor unless the signed away their rights to the fiduciary rule. I work as an advisor and we had to force people to move their IRAs to a managed discretionary account run by portfolio managers which is based purely on a persons risk tolerance and  gives no ability for the client to give input on any of the investments in their accounts.

Obviously, neither you nor your employer were working in your clients interests.
if your clients knew all along that you were not necessarily serving their interests, then the waiver form would not have come as any kind of surprise or difficulty to them.
If it was surprising or difficult, this indicates that your clients were being deceived.
If you were committed to working in your client's interest, your clients would not have had to sign their rights away.
Government regulation should serve honest people, not tricksters and hucksters.

My firm didn't offer the waivers, that's why we had to force people into a management platform that complied with the rule to many client's disgust.

If people wanted to use the waiver, they had to go to a different firm because we aren't in the business of "deceiving people".

You look foolish every time you try to discuss things outside your understanding.

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