Fiduciary duty demands for the investing public

From a news alert:

The U.S. Securities and Exchange Commission (SEC) will hear directly this week from U.S. investors about what they want in terms of regulation of financial professionals providing investment advice and the extent to which they are confused as to who is held to a fiduciary duty.

The organizations holding the news conference sponsored the survey in response to concerns that the SEC is receiving extensive feedback from financial industry groups, but relatively little from the U.S. investing public. As required by the Dodd-Frank Act, the SEC is requesting public input, comments, and data on issues related to the effectiveness of existing standards of care for brokers-dealers and investment advisers, and whether there are gaps, shortcomings, and other problem issues in the current legal or regulatory standards.

TO PARTICIPATE: You can join this live, phone-based news conference (with full, two-way Q&A) at 1:30 p.m. EDT on September 15, 2010 by dialing 1 (800) 860-2442. Ask for the “SEC financial reform/fiduciary survey” news event.

CAN’T PARTICIPATE?: A streaming audio recording of the news event will be available on the Web as of 5 p.m. EDT on September 15, 2010 at