Why Wall Street, Insurers Don't Want Fiduciary Duty

But brokers and the insurance industry hate the idea. It's a disruptor that would alter their business models and change their bottom lines forever, which is why they are creating massive barricades for the Securities and Exchange Commission and Department of Labor in their efforts to mandate fiduciary rules.



http://www.forbes.com/sites/johnwasik/2013/08/23/why-wall-street-insurers-dont-want-fiduciary-duty/