This rule is in effect for financial professionals now FINRA over sees it.
I have no prblem with having police in that capacity report their info
Couple of initial reactions to the more skeptical side.
1. A crooked (or would-be crooked) cop isn’t going to be swayed by disclosure requirements. He’ll still take his bribes, etc., but they’ll be kept in cash and otherwise remain undisclosed.
2. Consider the possibility that this extremely sensitive infomation just could get hacked/leaked by a well-financed and well-connected criminal organization. The consequences to a cop and his family of such a leak are much worse than any leak of a financial planner’s information.