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One issue is even if there are no abuses the industry cannot handle having a best interest standard applied to these recommendations. Thats what the dol is doing. Its almost the standard that is applied to broker dealers under the suitability standard. The recommendation must be consistent and you look under the hood and it turns out these are some of the worst violations that you can find. In one case the court said this was egregious misconduct. These are cases if many if not most broker deals. The unsuitable recommendations are accompanied by other Violations Including failure to supervise,...

If you have any other comments and again mr. Chin or commissioner arsy if you want to come back up and any other questions or comments otherwise we will wrap it up. Thanks supervisor. Just one thing i wanted to say and you mentioned city build on the work force side we are exciting about city build and the role pat mulligan can play and the department of the environment and we have them here and there is capacity and infrastructure with cal and rich at the department to be really supportive so i wanted to add that component and everything is set and ready to go and were excited about the poten...

Item number one. Item number one and contract modification guardsmark, llc Security Services for the allege to extend the term by two months for a revised period of week in a modified amount of 21,226,260. Okay. Thank you very much. This was continued from the last meeting. Thanks for being here. Dave curto Human Services and again we have the modification for the guardsmark contract for an extension to january 31 and i wanted to thank the committee and the Budget Analyst Office to allow us to fine tune the numbers and make sure we have the authority to make it through the extension period and...

Diller playground in dolores park, go to sfrecpark. Org. Good morning everyone. Welcome to the San Francisco board of supervisors budget and finance Committee Meeting for wednesday december 4, 2013. My name is supervisor farrell. I will be chairing this committee and joined by eric mar the vice chair and joined by john avalos. I would like to thank the clerk of the meeting and sfgtv covering this meeting. There clerk do we have any announcements . Yes. Please silence all cell phones and speaker cards and documents to be part of the file should be submitted to the clerk and acting today will a ...

Lennar. Madam secretary, please call the next item. The next order of business is item 9, commissioners questions and matters. Madam chair. Thank you. Any questions or matters . No . Excellent. Next item. The next order of business is item 10, closed session. Thank you very much. We will be adjourning for just a moment to clear the room of anyone who is not involved in this closed sessions item. Please call the next item. The next item of business is adjournment. Madam chair. Thank you very much. We are adjourned at 2 53. [gavel] there are kids and families ever were. It is really an extraordi...