David Scott actually said...

"I see this rule as sort of like putting our financial system, our financial advisors in a straitjacket."

"This business about the best-interest contract is well-intended, but when you put the word 'contract' out there, that has legal sanctions and it will bring untold lawsuits."

"To remove and to replace the compensation package for financial advisors from being commissioned to a fee for service will directly have a devastating impact on those folks at the low- and middle-inco..."

"Do you think that is a very good way of holding yourself accountable to these stakeholders?"