YES, you did mentions FEES!....rsinj: "At our first meeting, he says "I want to get you into these funds from Franklin" - with fees of 5.75%.
Its evident that you don't know what you are talking about because the Spitzer inquiry is about certain incentives insurance companies have provided to brokers (in addition to the commission they are paid).
Its NOT about getting a commission for providing a service or product!
rsinj: "Also, any commission based advisor I am waiting for any commision-based planner to explain how they are upholding their fiduciary responsibility to their client when they limit the scope of funds they recommend to just those which provide an acceptable commission?"
There is "no limit of scope"! That is simply a false perception that you have on this subject. In your world, people should provide advice and services for FREE! huh???
You just don't have a handle on this subject, but those are the same people who blow their horn the loudest (a bunch of hot air). If you edcucated yourself thoroughly on these subjects, you would have a much better understanding. Being closed minded is never a good thing!
Keep that in mind!