December 16, 2010
Dear Sir/Madame
I find it hard understand why someone working for a brokerage house or mutual fund should not be required to place the interests of his customer above that of the his employer. Isn't a failure here the definition of conflict of interest?
The Republicans seem intent on privatizing Social Security because private financial advisers do a better job. How does that work when the private consultant's job is to maximize their firms take?
Please insure that anyone who represents him/herself as presenting financial advice to a client has a fiduciary duty to the client being served.
Davis Sydnor