Finally, a voice of reason

The FPA lawsuit against the SEC has finally won out. This is huge as it overturns the exeption to the broker-dealer exception to the 1940 Investment Advisor Act.

The impact of this is that consumers will have an opportunity to tell the difference between an adviser that has their best interest in mind and an adviser that is a salesmen in sheeps clothing.

This is GOOD news for everyone except brokers.

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