June 4, 2018
Securities and Exchange Commission
To the and Exchange Commission,
Retirement advice can come at a heavy cost
It's hard to believe, but not every financial advisor is required to give his client the best recommendations and can give advice that helps them turn a bigger profit. Loopholes in the current rules allow bad advisors to take advantage of hard-working Americans, and hidden fees and bad advice from Wall Street are costing Americans billions of dollars every year.
I'm counting on you to make a stronger rule that closes the loophole.
Americans who've worked hard to save for retirement deserve peace of mind about their financial security.
Mr. Peter Nardone