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.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

w

Connecting to %s