Jun. 20, 2018
Jun 20, 2018 Securities and Exchange Commission To the and Exchange Commission, When I inherited some money back in the late 1990s, I wanted to make sure I was smart about investing for my retirement. I didn't trust any one of the investment companies, but saw a class being offered at the local community college that was supposed to be teaching how to invest confidently, correctly and knowledgeably. I figured since it was through the community college, it would be the real deal--like a Suze Orman episode on PBS. And all the way up to end, I thought it was. But for all my caution, I didn't realize until too late that I (and a couple of others in the class) had been duped. I lost $75K. After I was told by a former SEC member that I had been taken, I couldn't find the guy to sue him, because the office that I had met him in was "rented" from another company and no one knew anything about the guy. I am 63 now and have no retirement, save for my pending social security. Without that, I will literally and figuratively be on the streets. I have a college degree and owned my own business for 20 years, but I am no better off than so many with even less. 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. Thank you for your attention to this very important legislation. Sincerely, Ms. Valrey VanGundy