5.7.2009 Commissioner Luis A. Aguilar spoke of the protections that should be offered to clients of broker-dealers and investment advisers alike. The Commissioner spoke on four topics: (1) defining the scope of the issue; (2) outlining why the fiduciary standard is an important investor protection; (3) describing how the SEC can strengthen oversight of the investor adviser industry with dedicated resources; and (4) discussing possible investment adviser reforms.

Click http://www.sec.gov/news/speech/2009/spch050709laa.htm to access Commissioner Aguilar’s full remarks.