Take Action Today to Protect New Jersey Consumers and Ensure Financial Advisors Put the Interests of their Clients First 

Every day, financial advisors at brokers, banks and mutual fund companies, and insurances agencies recommend retirement investments to their clients that pay huge commissions to the advisor but expose the client to excessive costs, unnecessary risks, and poor performance.  Currently, those advisors don't have to put the interests of their clients first. Americans saving for retirement lose an estimated 6 to 17 billion dollars per year due to bad investment advice.  

The New Jersey Attorney General's Division of Consumer Affairs is proposing to make sure financial advisors put the interests of their customers first by adopting a new rule that requires retirement advice to be in their client's best interest. 

While many financial advisors already give advice with investor's best interest in mind, this common sense principle and regulation is needed so that everyone is protected.

Please take a moment right now to tell the NJ Division of Consumer Affairs that you support a rule that requires financial advisors to act in the best interests of their clients. 

The deadline for comments is June 14th, 2019. 

Man Stressed about Finances

 

  

Recipients

  • Chief Christopher Gerold

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