I promise; these things are passing.

It has been your mail that has led me in recent days to make a decision to split this blog into two: (i) one for the general public, which I will try to make simpler, but also more relevant with the addition of sample portfolios and trades that I will monitor, and (ii) one for sell-side Registered Professional Advisors only, where I will invite a large number of you to participate (strictly private & confidential basis) so that together we can produce a free website/blog that will contain a solid value proposition for all advisors.

With respect to my last point, I think the public would be shocked to discover the realities of being employed as a registered representative and client advisor by a financial institution. There are some bad apples in every barrel, but the truth is that the huge majority of advisors are good people, trying to do a good job for clients.

The problem lies in the structure of the securities industry, its politics, its rules and regulations, and so forth.

The public ought to be aware that the advisor's employer, not your advisor personally, calls the shots on virtually all matters. Moreover, if the advisor attempts to stand up for his or her rights or yours they are blackballed or dismissed.

As a case in point, I never would have been allowed by my colleagues, or by regulators, to write some things I do in this blog. That's not because there are any untruths, but exactly the opposite; it is the truth.

I'm not going to get into a debate as to what is truth; we all recognize it when we see it. As in war, we all know the first casualty is truth, so too has the capital markets been turned into a fiction by those who think they can control it.

The one inescapable fact in capital markets, which were taken control of some seventy years ago by the sell-side financial institutions, is that the public is not told the truth, but a carefully spun version of it.

I see it, but so too does at least one million registered advisors in North America. I get letters all the time that say something like, please don't let my bank know, but what you write about is so true, and I cannot do a thing about it.

I'm not going to get into these issues today because of the reasons I have given you, but I do hope that individual registered reps, and even the smaller independent firms, do contact me privately at my personal mail (carabill at rogers.com) and tell me you'd like to be involved in helping me develop a separate private blog that will support the registered advisor of public clients.

Together, we can bring about a change in the way the public is treated, which is important to me, and I think to you. In fact, all of you.