This was a vigorous debate - almost like a Presidential debate! https://www.brighttalk.com/webcast/7381/274439 In my opinion, Knut somehow believes that more regulation will make bad advisors into good advisors, or at least uninformed consumers into informed consumers through more disclosure. His biases against insurance products was quite clear as he believes they are mostly sold inappropriately - that no one would buy them if they "really knew" how they worked. Every advisor has their own skills and perspective that they bring into the client relationship. But WHO would be "enforcing" such a nebulous standard? This ruling just doesn't work well for those who want to bring THEIR expertise to the client relationship.