Jun. 20, 2018
Jun 20, 2018 Securities and Exchange Commission To the and Exchange Commission, My financial advisors/company has me on a moderate risk category because they said since the money I have is a long term investment than I will see my account increase in the long run. They have me in ETF's which they charge fees every time they trade on my account. In 2017 the trading fees were $88.09 and the advisory fees were $922, 25 a total of $1,010.34. I have spoken with them several times in 2018 and they reassure me that the market will correct its self. I told them that I want to maintain my principle money. But it looks like my saving will be depleted quickly if they continue to trade on my account along with the advisory fees. This is making me stressed and I think they need to think about all the retirees living longer and not go after their money on advisory and trading fees . 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, Mrs. Rosa Alcaraz