Jun. 21, 2018
Jun 21, 2018 Securities and Exchange Commission To the and Exchange Commission, When I go to my physician, I count on her to recommend medications, procedures and lifestyle changes that will make me healthier. I never worry that she is motivated by a financial interest in those recommendations. Why should my financial health be any different than my physical health? It seems reasonable to expect a good financial adviser to take the time to understand my unique circumstances, goals, resources and comfort with risk--just like a doctor does a physical exam. And then, my financial adviser should tailor their recommendations to my needs without undue or perverse financial incentives....just like a doctor does. It seems to me the current law is stacked against consumers. Why would you enable that? Please close this loophole so consumers can partner with financial advisers in a positive, mutually beneficial way and not worry that we're risking financial abuse. This will not only benefit consumers, but also those financial advisers and companies who are already acting with integrity and transparency. The only people and organizations who will be hurt are those who rely on dishonest and deceitful business practices. Is that who you want to go on record as supporting? Sincerely, Ms. Robin Reagan