An advocacy bar group known as the Public Investors Arbitration Bar Association issued a report last month titled “Major Investor Losses Due to Conflicted Advice: Brokerage Industry Advertising Creates the Illusion of Fiduciary Duty.” The timing of the March report is impeccable as none other than President Barack Obama has weighed in with his views in the debate as to whether investors are entitled to fiduciary protections in their dealings with financial advisers. Let’s examine the key findings …