Voices My 'beautiful' letter to the SEC I wish I could rewrite

Summary: When the SEC came out with its proposed best interest standard for broker-dealers (and, by extension, for their brokers and reps), I wrote a detailed comment letter in response. It was a beautiful letter. I eloquently pointed out that the “best interest” standard detailed in the proposal was exactly the same as the current “suitability” standard that I helpfully copied for the SEC staff off the FINRA website.