June 11, 2020
INVESTMENT ADVISER MARKETING FEEDBACK FORM
1. Have you ever hired, or considered hiring, an investment adviser? Because investment advisers are the subject of this proposed rulemaking, please focus your responses in this questionnaire on investment advisers rather than brokers. : Yes
2. Have you viewed any investment adviser advertisements? For example, have you looked at an advisers website or a presentation? : Yes
3. Have you looked at an advisers past performance results when considering hiring an investment adviser?
No
4. Have you ever specifically requested past performance results from the investment adviser? : No
5. If you have viewed an advisers past performance results, have you discussed them with the adviser? : No
6. If you have viewed an advisers past performance results, did you believe that those past performance results would predict the future performance that the adviser could achieve for you? : No
7. How important is it to know the following information when reviewing the past performance results of an adviser?
Performance results minus fees and expenses (i.e., net performance) : Not Important
A schedule of the specific fees and expenses deducted to calculate net performance : Not Important
Performance results for one-, five-, and ten-year periods : Not Important
Other information (if any, please describe) : I stopped using financial advisors when they gave me poor investment advice in the early 1990's and cost me everything. Most I have seen are in it for themselves and commissions. They could care less about investors. Do you not read the articles on Yahoo hyping stocks and urging people to sell? Total market manipulation by hedge funds and the media. What are you doing to stop this besides nothing? You all need to be fired.
8. Have you reviewed hypothetical performance results that demonstrated how an investment strategy could have or would have worked?
Yes
If yes, did you discuss with the adviser how the adviser calculated those hypothetical performance results?
No
9. Have you reviewed targeted performance returns or projected performance returns?
No
10. Would other peoples opinions of the adviser (e.g., testimonials by advisory clients, and endorsements by non-clients), or an advisers rating by a third-party (e.g., Rated B+ by Adviser Reports) help you choose an investment adviser? : No
11. How important is it to know the following information when considering a testimonial, endorsement, or rating of an adviser?
Whether the person giving the testimonial or endorsement is a current client : Not Important
Whether the adviser pays the person giving the testimonial, endorsement, or the rating : Not Important
How recent the rating is, and the period of time it covers : Not Important
Other information (if any, please describe) : Never met one I liked or who had any knowledge of investing. I am a CPA and have a tax business. I have seen 2 fortunes lost by clients because their financial advisors were useless. Good to see that the SEC celebrates black history month every year though because that really helps. NOT
12. What other information do you think would make the advertisements not misleading?
They all lie. Promises like politicians.
13. Has a paid salesperson (a solicitor) ever referred you to an investment adviser? : No
14. Would it affect your decision to hire an investment adviser if you knew that the adviser paid a salesperson to refer you to the adviser? : No
15. How important is it to know the following information about a paid salespersons referral?
Amount paid to the solicitor for referring you to the adviser : Not Important
Whether there will be any additional cost to you: Not Important
The solicitors relationship to the adviser : Not Important
Whether the solicitor has been disciplined for financial-related misconduct : Not Important
Other information (if any, please describe) : This is done all day long in Yahoo Finance. Anybody awake there?