June 15, 2018
Securities and Exchange Commission
To the and Exchange Commission,
We've experienced A big loss with the investment of a 401k rollover in the past due to the CPA consultant advising us to invest with the annuity he offered and where he was paid a large upfront fee and where we were locked into something that kept loosing money. We were unable to leave the annuity for 5 years without incurring yet another loss or penalty.
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.