Jun. 20, 2018
Jun 20, 2018 Securities and Exchange Commission To the and Exchange Commission, For far to long egregious abuses by unscrupulous "investment" brokers have preyed on the elderly and financially inexperienced individuals. My own mother had her insurance agent sell her on four mutual funds for which he received a handsome commission, but which were totally inappropriate for someone living on a fixed income in retirement. The fees for these funds were much higher than industry average, but the past performance was poor at best. Had my mother not contacted me, she would have seen much of her life savings drained away while her agent laughed all the way to the bank. It is well past time to require investment brokers and financial councilors to put the interests of their client as their only interest and earn their income by honest investment practices. 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, Mr. Brian Wilson