A decade of legislative attacks and regulatory missteps capped off by the biggest market collapse since the Great Depression appears to have ended the long ride of American Capitalism. If this sounds merely theoretical to you, then don’t read this because it’s not going to be good for your 401(k)...

Last summer, the SEC took a simple task – leveling the playing field between the different entities that can legally provide investment advice – and made a political hot potato out of it.