Breach of Fiduciary Duty as Top Complaint in FINRA Arbitration Matters
According to ADVISORONE journalist Melanie Waddell, the debate about fiduciary standard-setting continues as various experts cite urgency with respect to investment complexity and the advice they are getting from financial professionals. In "Breach of Fiduciary Duty No. 1 Complaint in FINRA Arbitration Cases" (September 25, 2012), Waddell writes that many investors do not understand the difference between a broker and a financial advisor and struggle with assessing the risk-return profile of overly complex products.
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