Some people believe the proposed regulation is broad enough that Ramsey and others in the media like him could fall under it. In turn, this regulation would effectively censor the type of advice that could be given without subjecting “Dave Ramseys” and others like him to potential liability.
Critics say it will impede the free flow of discussion and ideas about financial matters. Supporters claim that since people rely on and act on the advice given, there should be a duty to give good advice.
Opinions of the possible impact on media figures remains divided.
