Congresswoman Stacey Plaskett represents the at large district of the U.S. Virgin Islands in the United States House of Representatives. She is an African-Caribbean attorney who has practiced law in New York, Washington D.C. and the U.S. Virgin Islands. Plaskett is best known for her understanding of economic development and public-private partnerships for growing the economy of developing areas. She is an active community advocate and political leader in the Virgin Islands.
A conflict of interest happens when a financial advisor receives backdoor payments and kickbacks for directing their clients into investments that produce lower returns over the course of their lifetime. No one should have to worry that the person advising them on their retirement savings is putting their profits ahead of their clients’ interests. That’s why a strong financial conflict of interest rule is long overdue. It’s time to end conflicted advice and help middle-class families protect the financial future they earned.
Mar 25, 2015