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originally posted by: Aazadan
What it repealed is the duty of financial advisors to give their clients advice that's in their best interests. So now the person managing your retirement account can make moves that's in their companies best financial interests rather than yours. They can even outright lie to you and give you misleading advice.
it repealed is the duty of financial advisors to give their clients advice that's in their best interests.
What I'm seeing is an acute knee-jerk reaction to the very idea of less regulations, following the liberal ideal that only more regulations could ever benefit anything besides the Power Elite, and less regulations only will benefit the Power Elite.