Augusta resident Carol Linker in a Portland Press Herald "Another View" column, October 24, 2013:
As a registered Democrat and usual supporter of Bill Nemitz's perspective, it seems to me that he was way off base in his column titled "LePage, Collins' behavior beyond baffling" (Oct. 11).
There is a reason Sen. Collins wins elections in such a convincing manner: She does what is right, despite unwarranted attacks from the fringe extremes of present-day politics!
Maine can be proud of our senator.
Carol William Linker is a financial professional currently employed by LPl Financial LLC in Augusta, Maine with over 26 years of experience. Carol is registered as a Broker-Dealer Agent and is able to buy/sell securities.
"Oil Spill May Be a Lucky Break For Stock Brokers", Forbes, June 17, 2010:
As the financial regulatory reform bill enters its home stretch in conference committee, I can't help but wonder if the top executives at firms like Merrill Lynch, Morgan Stanley, Goldman Sachs and even LPL Financial are secretly relieved that we have a horrific undersea oil gusher in the Gulf of Mexico?
Behind the scenes product peddling financial firms with large salesforces have been lobbying hard to make sure that the fiduciary rule, which would require your stock broker to act [in] your best interest and disclose conflicts, is either watered down or eliminated from the final legislation...Maine's Republican Senator Susan Collins had mysteriously flip flopped on her commitment to keeping the fiduciary standard in the bill...
"Little Guy Still Ripe For Broker Abuse", Forbes, June 3, 2010:
It's no surprise then that [big brokerage and insurance firms] have hired lobbyists to fight the fiduciary standard provision...
Most surprising was the about face that Susan Collins, a Republican Senator from Maine, did recently when she amended her support for fiduciary standard...I have no idea what changed Collin's [sic] view on broker regulation, but I wouldn't be surprised if it had something to do with lobbyists...
Here is what Barbara Roper, director of Investor Protection for the Consumer Federation of America, had to say about Senator Collin’s [sic] retreat on the fiduciary issue: "The Amendment paints a target on the backs of senior Americans who are most likely to be targeted with abusive variable annuity sales practices."