A terrific and compelling post about the broken Financial Services industry and Congress by James W. Watkins III over at the Investsense Blog. There really nothing I need to add. Here’s a quick quote:
Despite the benefit that a uniform fiduciary standard would provide for the public, Congress and the financial services industry continue to block a uniform fiduciary standard, putting forth self-serving and disingenuous arguments against the adoption of a uniform fiduciary standard. The impact of various special interest groups and PACs continue to have more influence on Congress than the welfare of the American public.
Click over for full post.
People vs. the Financial Services Industry and Congress – InvestSense Blog
