March 27, 2013
If a financial professional puts himself/herself out to the investing public as a financial advisor or investment advisor, they should act as a fiduciary -- just a like an attorney or a doctor. If a financial professional puts himself/herself out to the investing public as a securities salesmen or a retail sales rep, they should not be required to act as a fidcuciary -- just like a salesmen of other products whether it be a car, timeshare or real estate.