Quote:
Originally Posted by pwalker8
I'm pretty sure that regulation is rarely the answer. Regulators are frequently captured by the industry they are suppose to regulate. As mentioned above, real estate agents are "regulated", but it doesn't really mean much. My SIL is a real estate agent. She's one of the better ones locally, doing a lot to provide value to her customers, even if they don't always listen. There are a lot who aren't very good. It's pretty much the way the world works, unlike Lake Wobegone, not everyone is above average.
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I'm generally not a big fan of regulation either. However, when you have an industry routinely handling their client's money this aspect at least cries out for it.