September 24, 2013
It is hard to understand how it is possible for the SEC to fail to act in protecting the retirement investments of anyone or any "group". These retirement investments are about all that many of us will ever realize of the "American Dream".
I wish I had an opportunity to directly impact the selection process for SEC Chair but even more important are the roles of mid-level bureaucrates writing rules and policies. They are likely to be subject to some of these usurious fees, poor investment products and even criminal practicies. They too will suffer as many of the rest of the small investors have.
Require that anyone who offers financial advice for pay or who sells investment products for retirement investing accept that they have a fiduciary duty to the buyer of the advice or product. Write it into regulation
Do it now Regards, Robert Daniels, CSP