At the risk of sounding like a broken record I wanted to put some more support out there on this Fiduciary versus Suitability farce continuing to make headlines. The war is becoming fiercer, as Dodd’s bill now recommends a yearlong study of the issue, insurance companies continue to swamp the battlefield with lobbying dollars, and prime experts and heroes draw lines in the sand.
A recap of the current action is offered in this article by Reuters:
ANALYSIS-Dodd Bill Takes Pass on Key Broker Reforms
This PDF shows you what some of the leading PhDs of Economics and Industry Legends feel about the issue:
A Call to Apply the Fiduciary Standard To All Who Give Investment or Financial Advice
This was published by The Committee for the Fiduciary Standard whose website may be reached here:
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