"If the Commission believes that rulemaking in this area is necessary, Fidelity supports a uniform fiduciary duty that would require broker-dealers and investment advisers to act in the best interest of retail customers when offering personalized investment advice about securities to such retail customers.... We believe that the existing principles-based fiduciary duty under the Advisers Act has worked well for investment advisers and their clients and we see no reason to modify this well functioning model."  MORE >>