Every time a professional in almost any industry turns around, there is a bureaucrat or agency calling for more regulations. Why do you ask? Simple, because at some point along the way someone created a rule, law or regulation that did not fit with reality, therefore, there are those who would try to avoid it and will always find a way to do it. So the authority creates another rule, rules upon rules that plug the endless loopholes of a damned dam designed for destruction. Okay, let’s talk, shall we?

Nowadays, it seems that the average professional is subject to dozens of hours of continuing education requirements each quarter, these hours add up to an inhibition of productivity and raise the cost to their clients, the consumer, that the agencies are supposedly trying to compensate. . to protect. If you have ever read any of this nonsense material, you will soon discover that it is just neat commercial work that hardly conforms to industry enforcement law, nor does it stop any cheating in the industry.

Remember when you went to school and some kids would always cheat, trying to make you drop study notes, or look at your homework, even copy the answers to your tests? Well, these same children are adults and they work in these professions and in the agencies that enforce them now, what can anyone expect? This appears to be the way humans operate, they are innately copycats, copycats, and they mimic what works every time they see it, so that will never change.

Interestingly, while I was preparing this article, I came across an interesting opinion piece in the Wall Street Journal by Republican Spencer Bachus of Atlanta, who is also on the House Financial Services Committee. The article was titled; “Financial advisers, police yourselves,” which said that “the way to prevent more Madoff-type looting is for the professionals to regulate their own industry”, well, maybe that’s the way it is, and maybe not, since Madoff also operated during a it was where the industry was regulating itself, and also at a time when the SEC and other quasi-agency industry agencies and organizations were.

The real problem I see is human nature, and we all know or should have known that we cannot regulate morality, and witch hunts, brainwashing, sanctions imposed by fear driven by authority and self-control will not change. that. not in the short term without a permanent motive of online social media with brain chips. It is simply not feasible and it will not happen in your lifetime and certainly not with the system we have now, where professionals are rewarded in ways that are not always in the best interest of their clientele – the system is flawed, yes. , humans have flaws too, but isn’t that a fact?

Now all this hectic continuing education work is not solving any problems, it is actually causing more because now these professionals have less time to get it right, they are stressed to the point that they feel like they have to cheat to get to the end. of month. get together, and nothing has changed. Why am I not surprised? Consider all of this and think about it.