Jun. 20, 2018
Jun 20, 2018 Securities and Exchange Commission To the and Exchange Commission, Many of our senior citizens have very little to live on and they rely upon their meager retirement which includes their 401(k)s. That being said, there are many who need more assistance in managing their investments. Some are vulnerable and there are financial advisers that will take advantage of this fact. They need protection and holding financial advisers accountable is a step in the right direction. Hidden fees and bad advise costs Americans billions of dollars every year, and all of us hard working people deserve better. We don't need or want a standard that just makes our brokers and bankers richer. 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. Sincerely, Ms. Anita Sutton