Will Ashcourt Rowan's fine bring down the curtain on ‘old fashioned’ broking?

I came to the same conclusion some time ago myself which is why after 32 years in the City I exited this summer ahead of RDR. The trouble with ALL this new doctrine is that it takes NO account whatsoever for real privacy, traditional investment methodology and is simply intolerant of anyone who tries to stand up to this RDR nonsense. Historians in years to come will no doubt hail the 'old fashioned' model as plainly the weakness with the new suitability/risk model is that everyone will go down with the ship when the seas get choppy. At least the 'old' model allowed for a variance of business whereas the new fail to impress me as it's solely focused on fee extraction rather than investment in industry. Cornering a market has never been a smart move and as Adolf Hitler proved last century, by cornering people's mindsets it can cause some severe pain when the proverbial crisis deepens. Stockbroking and capitalism is now the dead parrot in the room.