We Need A Fiduciary Standard For All

Brokers and registered investment advisors don't treat their clients the same way. Investors should end "buyer beware."

All advisors should be held to the same code of conduct. Most investors assume that they can trust their financial advisors to act in their best interest. What they don't know is that some advisors are legally required to act for them while others are not. The financial reform act is giving us the first chance since 1940 to plug this loophole and make all advisors act according to the fiduciary standard...

Forbes: