Compromise Reached on Fiduciary Standard Impasse

If investors do not need the advice and guidance of a RIA why should they go to one , , why should advisors be a necessity to the brokerage houses, like Paine Webber or any othe other. Investors should hide their money from the investment houses who are willing to induce or instruct their Registered investment advisors to withold information from investors so they can meet quotas for the brokerage houses whithout giving the adequate information or enough research to give a fair option to people who invest. Foolish me !Foolish you! The high income the RIA receive does not mean that they are above the persons that require the best guidance and advice for their investment.The fiduciary duty is a responsibility of all who invest and all who guide the investment sector.

Mary T. 6:41AM June 28, 2010