[redangus]

The intent is to hold advisers culpable for changes in the market. If an advisor tells you to buy a stock and it later goes bust the client or the government can come in fine the advisor for giving bad advise. The whole point is to again protect people from themselves after all we are all too stupid to make our own decisions. The eventual result will be that middle class investor will be unable to find anyone willing to handle their investments, so they will be forced to turn to the government for advice.

[<1/1,000,000th%]

You are correct. Very succinct explanation.

[concentric circles]

Please, Obama, take my lifetime savings and manage it for me because it’s so expensive to get advice and no one will serve me anyway.

[To Hell With Poverty]

So in other words, we will all have to manage our own 401ks, because no company in their right mind would dare take on that risk?

[Scrambler Bob]

How about books, and their authors?????

But, whatever, do not ban Dear Abby!!!!!