August 24, 2010
I hope the SEC takes this study opportunity to make sure all financial professionals adhere to a fiduciary standard and put their clients best interests first when providing investment advice. Its a standard that investment advisers have been following for decades, and now its time to take an important step in clearing up investor confusion and ensuring that a fiduciary obligation applies to all investment advice, regardless of who provides it.
Consumers and families depend on the fiduciary standard to help them to achieve their financial goals.