Monday, April 09, 2007

Bloomberg: "Merrill Rule Decision Will Force Key Disclosure" -- John F. Wasik

More on the decision. Wasik writes: "When you venture into the murky waters of financial advisers, do you know who is a trained planner representing your best interest and who is a salesman?"

The one representing your best interest is, in other words, a fiduciary. The one who is a salesman is a broker.



Bloomberg.com: Opinion

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