Jun. 21, 2018
Jun 21, 2018 Securities and Exchange Commission To the and Exchange Commission, There is a loophole in the rules that makes it legal for some bad financial advisers to tell you where you should put YOUR money based on what's best for THEIR pocketbooks, not yours. The new rule Securities and Exchange Commission is considering for financial advisers, isn't strong enough to protect older Americans' retirement savings. Millions of Americans like me are counting on our IRAs, 401(k)s and other retirement accounts for a secure financial future and we've worked hard to build and grow our savings. We should be able to trust our financial advisers to put our interests first. But loopholes in the current law make it easy for many advisers to take advantage of hard-working Americans and line their own pockets with our retirement savings. I am counting on my investment to live on should Social Security go under. 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. Donald Manchester