"We continue to support efforts to mitigate investor confusion regarding the standard of care a financial intermediary exercises when providing personalized investment advice to its retail clients. However, such efforts should not reduce investor choice or access to the investor education that helps them better understand concepts and options available to them when they make important financial decisions.... [We] strongly believe that the term 'fiduciary' may be a misleading or confusing term for investors as well as the courts if incorporated into the Commission's regulatory provisions."  MORE >>