June 17, 2018
Securities and Exchange Commission
To the and Exchange Commission,
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. Millions of Americans like me are counting on our IRAs, 401(k)s and other retirement accounts for a secure financial future and we've worked hard to build and grow our savings.
We should be able to trust our financial advisers to put our interests first. But loopholes in the current law make it easy for many advisers to take advantage of hard-working Americans and line their own pockets with our retirement savings.Hidden fees and bad advice costs Americans billions of dollars every year.
Bottom line - I depend on financial advice that is in my best interest so that I may be self sufficient in my old age. Please help us seniors.
Sincerely,Ms. R Rousseau