Fulton County Daily Report Publishes Article Co-Authored by The Doss Firm, LLC

On Friday, October 15th, the Fulton County Daily Report published an article co-authored by Jason R. Doss entitled “Wall Street wants to keep consumers in the dark.”

The article discusses the fact that the Dodd-Frank Act requires the Securities Exchange Commission (SEC) to complete a study by January 2011 to determine whether all individuals who provide personalized investment advice should be held to one uniform fiduciary standard. This uniform fiduciary standard would require all financial professionals to put their clients’ interests first.

One of the points made in the article was that the vast majority of investors do not know that there is any difference between financial advisors and already assume that those professionals are acting in their best interest.

The article also points out that stockbrokers who work for the big Wall Street firms are not in favor of a uniform fiduciary standard and prefer to keep the status quo which only requires investment recommendations to be suitable.

If you believe that you are a victim of investment fraud, please feel free to contact us for a free consultation.