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Amazed and confused: Advisors struggle to make sense of Bachus' Wall Street Journal Op-Ed salvo

House panel chief dives back into the oversight fray, but confusion persists over timing, intentions

Tuesday, August 7, 2012 – 3:22 AM by Kelly O'Mara
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Rep. Spencer Bachus fired off a WSJ Op-Ed pushing for his bill two weeks after he had tabled it -- leaving advisors gobsmacked.

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Mentioned in this article:

National Association of Personal Finance Advisors
Top Executive: Geof Brown, CAE

MarketCounsel | Hamburger Law Firm
Consulting Firm, Compliance Expert, Legal Services for RIAs
Top Executive: Brian Hamburger

FiComm Partners
Marketing & Public Relations
Top Executive: Megan Carpenter, CEO

Stephen Winks

Stephen Winks

August 7, 2012 — 8:10 PM

How does Bachus miss the point that brokers are neither accountable nor responsible for their recommendations but advisors are ? Isn’t it in the investing public’s best interest that brokers be held accountable and responsible for their recommendations?

There is misinformation that is easy to clarify being advanced by Bachus, but there seems to be a conscious choice to not understand or mislead


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