Jun. 20, 2018
Jun 20, 2018 Securities and Exchange Commission To the and Exchange Commission, I believe there was a law not long ago that mandated financial advisors to give information that would be best for the investor and not to benefit the advisor. Recently I understand that was rescinded so that these advisors can suggest any investments including ones that would pay commissions to the financial advisors. I'm counting on you to make a stronger rule that closes this loophole. Americans who've worked hard to save for retirement deserve peace of mind about their financial security. They shouldn't have to wonder if they are being told what's best for the investor or if their financial advisor is recommending an investment because it would financially benefit the advisor. I know our President and his buddies know how to make money through various investments but I don't believe they have plain old citizens in mind with the variety of laws/standards/regulations they are coming up with to run US business these days. We don't need the rich to get richer, but the less rich to get more evenly treated. Let's make a law that encourages knowledgeable financiers to offer the best advice possible to us little guys no matter how it might impact the advisors! Thank you.! Sincerely, Ms. Brenda Coffman