
What Does a Conflict of Interest Look Like?
We have often written about the significant conflicts of interest that pervade the investment "advice" business. Entrenched companies have lobbied hard against a fiduciary rule becoming the standard for investment advice in the U.S.: attempting to minimizing the magnitude of conflicts that exist, claiming that small investors would be harmed by eliminating commission-based "advisory products" (which is like saying that chemo is a bad treatment for cance...