companies start with an idea, not with profits, it can take a while and require capital for the former to turn into the latter. I agree a lot of garbage gets funded, but we we may be throwing the baby out with the bathwater. Suncor and Raymond James aren't the metric, the former is a mature company and the latter does not fund early stage co's. As long as the risk is presented to the investor (high), then no one should argue with the comp, one way or the other. don't forget, the brokers want their clients to make money too, or they lose a client...