Jun. 21, 2018
Jun 21, 2018 Securities and Exchange Commission To the and Exchange Commission, This loophole to me is no better than legalized fraud. This would allow and keep the status quo that people, the likes of Bernie Madoff can keep ripping off the ones that work hard for their money. The hard working class that has made America great are the ones that the stock investors are taking advantage of, building their wealth on the hard work and savings of others. We (the hard working people) are the ones trying to make this country a better and stronger one to live in when we invest in small business or global companies. If we did not save our money, we would not have any to give the stock investors to put into the small business or global companies and they would not have any thing to invest for us in order to make their commissions (pay check). We deserve honesty and integrity in the information (advice) we are given to place OUR savings into in order to help build this country and businesses. Too many people are trying to rip off the working class, our own Wall Street does not need to become one that is also doing this with mis-information, hidden fees, and no accountability in what they do or suggest to other investors. Perhaps if everyone worked under the concept of "if you make money then so do I" then everyone wins. Work more honestly not trying to find ways to work around the system and be crooked. 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. Carolyn Selby