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Shed a tear for financial advisers
Old 03-01-2015, 11:08 PM   #1
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Shed a tear for financial advisers

Looks like financial advisers might be subject to new regulations requiring a fiduciary duty to their clients. And, according to this NY times article (, the griping has already begun. So, be kind to your FA, if you still have one.

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Old 03-02-2015, 12:01 AM   #2
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Old 03-02-2015, 05:13 AM   #3
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I have faith in our government, the best money can buy, will not deprive these fine, campaign contributing individuals of their right to plunder the American populace. After all, they're just taking money from "the rich."

This has been known for next to forever. I'm skeptical it will really be truly fixed. There may be some posturing but I'm sure the right to fleece will be protected.
The object of life is not to be on the side of the majority, but to escape finding oneself in the ranks of the insane -- Marcus Aurelius
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Old 03-02-2015, 05:17 AM   #4
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There's already a lengthy discussion underway here Interesting concept - Fiduciary Standard for Brokers
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