If you are going to be a prophet or seer, you have to be right a lot more than you are wrong.  As you look back over the Acts of Liberation Blog posts, I think I'm lining up to be Prophet of the year when it comes to the new regulatory environment under Mary and the Morons.  If this imbecile has her way, here's what I think is going to happen:

1. B shares go away:  Her current argument is that they are too confusing for clients to understand.  What's confusing about telling someone you earn 4% up front and if they get out before 5 years they pay your fee back.  Seems like simple math to me.  This is about reducing costs to investors and reducing your compensation.  Low hanging fruit is always easy for lazy folks to reach.  C shares are next along with reduced RIA fees.  You may also have to get your office furniture budget approved in advance.

2. Insider Trading by the SEC Staff:  I didn't know those guys made enough money to trade anything except baseball cards.  What a ridiculous effort on Mary's part but a brilliant strategy of misdirection.  It's sort of like making sure that a burgular wears footies so as not to mar the floor.  Across the street, Madoff and his buddies are stealing billions right underneath Chris Cox's nose and Mary is focusing on whether any of her staff got a new tip they can benefit from.

3. Random Calls to Clients:  This is the 'stupid pet trick" of the year.  It's guaranteed to bring more lawsuits and allegations of wrongdoing based on nothing.  On the surface, it seems really protective and foward thinking.  Underneath, it's like the Quiznos Franchise owner calling you up to see if you had a bowel movement after the new mesquite chicken sandwhich was purchased.

4.Reduction of RIA fees:  A clear way to get popular support is to cut fees and taxes.  Only here's the problem:  Mary is cutting your compensation while upping hers.  The last person to be this overpaid in public life was Rick Waggoner at GM.

Look at the trend lines:  Increased scrutiny, reduced compensation, pervasive regulation, and supervision by people who don't have any money and hate people who do.  Sell the practice and get the dog shampooing van franchise.