The duty of an advisor vs a broker operating under color of defective & misleading regulation

This is a huge issue, and most investors are unaware of it. It is driven by the best regulation that money can buy... and did.

"many financial professionals who hold themselves out as “trusted advisers” are legally allowed to recommend investments that pay the adviser more while exposing investors to higher costs, greater risks and poorer performance than available alternatives."

The Document You Should Ask Your Advisor to Sign

Update on Monday, December 21, 2015 at 06:42AM by hb

How timely.

J.P. Morgan to Pay $307 Million Over Client ‘Steering’

Update on Wednesday, December 30, 2015 at 07:44AM by hb

Barclays Capital Settles Allegations of Unsuitable Mutual-Fund Switches

"Barclays Capital Inc., a unit of British bank Barclays PLC, will pay $13.75 million in fines and restitution to settle allegations that its former U.S. wealth and investment-management unit failed to prevent thousands of unsuitable mutual-fund switches in customer accounts "