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Let’s disclose something upfront: I ran and won two political races as a Republican. Of course, the fact that one of those races was a primary should tell you something else.

Earlier this year, the SEC fumbled its report on the Fiduciary standard by allowing it to become a partisan issue within the ranks of the commissioners. Then, at a Congressional hearing and in subsequent press statements, SEC Chairman Mary Shapiro played the political card in an apparent attempt to fend off those newly elected Tea Party-ers seeking to succumb to fiscal responsibility. She threatened to withhold making any major regulatory changes without a promise from Congress to increase SEC funding. Those wily Republicans called Shapiro’s bluff and sent a scathing letter to the SEC questioning not only the sacred fiduciary standard, but the very core of Dodd-Frank itself.

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