It is stunning that any representative of the people can make an arguement that it is harmful for afinancial advisor to act in their client's best interests and not their own. And that such a rule must be repealed. As a volunteer tax preparer I have seen seniors whose financial advisors are churning their accounts, even annuities, all for commissions. There shouldn't be a moral or legal qualm here. Anti-regulation zeal and greed should not negate the need to protect consumers.