When you're trusting someone with your money, there's an expectation that they have your best interests in mind. But that's not always the case.

Jill Schlesinger writes in her latest blog: "For years I have bemoaned the fact that many financial professionals were not always required to act in the best interest of their clients, i.e., they were not required to adhere to the fiduciary standard of care. Instead, brokers and insurance reps who sold securities products were held to a lower standard of care called “suitability,” which meant that what they recommended had to clear the low bar of what is suitable, though not necessarily in your best interest."

But there is some progress being made on the subject. KRLD's John Liddle talked with CBS News money expert Jill Schlesinger about this hot topic.

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