Storytime from PRX (April 1, 2015) -- Their commercials make it appear that brokerage and other financial services firms are acting in your best interests. They're fibbing. The majority (around 8 in 10) of financial advisers are not required to act as your fiduciary and provide advice that is in your best interests. Yet, they sure hope you think they are looking out for you or their revenue will dry up.

A recent report from the Public Investors Arbitration Bar Association takes the industry to task for implying one thing while taking the opposite position when complaints are files against them.

Storytime Interview (Audio File)

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