This is the time of year when experienced journalists often try to put off posting really big stories until the New Year. I thought about doing that with this one, but, hey, who knows what the New Year will bring. This story might be old news by then.

Skip Schweiss, long-time fiduciary advocate, told me several interest facts when I interviewed him recently, (see “Exclusive Interview: Skip Schweiss Calls Disclosure ‘Terrible,’ Says It Would ‘Confuse’ Investors,”, Dec. 16, 2014). Among the many unexpected turns taken in the interview (including where he questions the original strategy of fiduciary proponents, albeit from the advantage of 20-20 hindsight), perhaps the most revealing was this tidbit:

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