ANOTHER ASPECT OF THE GREAT AMERICAN CON GAME

This is from the NY Times:

Brokers are not necessarily required to act in their customers’ best interest, even if they are advising on their retirement money. While that would seem to be a basic consumer protection, in Washington and on Wall Street it has proved to be wildly contentious.
[...]
(Brokers are currently required only to recommend “suitable investments,” while professionals known as investment advisers must act in their customers’ best interest).