Jun. 20, 2018
Jun 20, 2018 Securities and Exchange Commission To the and Exchange Commission, Following my husband's death, I knew that I needed financial advice. My husband had been an investment officer for banks. I was happpy to let him manage all our finaces. Now, financially ignorant and fraightened I sought financial advice..... After a 3 year period and trying 3 different financial advisors i realized the only people making money were the advisors and that the only person who would take care of me and ensure I would have enough money for a long life was me. Fortunately, I am reasonably intelligent. Maybe it would cost me the equivalent of a college education while I learned to invest our savings. I am glad to say that my husband would be proud of me. I did well. But not everyone can do that. It is important to have souond laws to protect people who need a good financial advisor. 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. Mary Rochester