The Media Is the Message, When the Subject Is Investor Protection

In my last blog, Wall Street Finally Blinks in Fiduciary Standoff, I suggested that “Until now the securities industry has done a masterful job of deflecting initiatives to force its member firms to act in the best interests of their clients. It’s just possible that this time—ironically, due to its own efforts—it really might be different.” Teresa Vollenweider responded with the following post: “I certainly hope so, and I am willing to fight tooth and nail to make it so. Finally, yes, finally, the fact that Wall Street and its so-called advisers/advisors (who are nothing more than product peddlers) have been ripping off the retail investors and small [retirement] plans (business owners and employees) for years is finally seeing the light of day via the mainstream media…” More on ThinkAdvisor here.