Quote of the Day: Back to the Basics

“We need the financial services industry as a whole to re-dedicate itself to basic principles — principles of integrity, fair dealing, meaningful disclosures, and good business practices. I expect and hope that the financial industry has also learned the lessons of the financial crisis and the costs imposed on the real economy and our society. I expect them to do better. However, as the old saying goes, “expect the best, plan for the worst, and prepare to be surprised.”

Commissioner Luis A. Aguilar, at the NASAA/SEC 19(d) Conference

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