August 24, 2010
I find it incomprehensible that a uniform fiduciary standard has not been adopted for people giving investment advice. It is so confusing to the investor because advisers use these differing standards based on their own personal perception of a standard because there is no uniform standard. Sound confusing? My point exactly. I would ask that you implore congress to inact legislation that would finally protect the consumer in that they could tell who is offering advice and who is selling them something that pays the adviser and may be suitable but is not the best for the consumer.