The following Letter Type H, or variations thereof, was submitted by individuals or entities.
Letter Type H:
The vast majority of retail investors do not know or understand what
standard of care they can expect from various financial services
providers.
I support:
1. adopting a single, definable, and enforceable standard of care
2. establishing a consistent treatment of all individuals and firms
that engage in similar activities
3. applying such a standard when broker-dealers provide personalized
investment advice to retail investors
4. a fiduciary level standard that requires the duties of prudence,
loyalty, and care for those who provide personalized investment advice
http://www.sec.gov/comments/4-606/4606-3002.htm