June 16, 2018
Securities and Exchange Commission
To the and Exchange Commission,
Please close this loop. Everyday Americans who do not work in the "financial/wall street" world should be protected when we are relying on these "experts" to manage our hard earned savings.
I was sold an annuity that has high fees to later find out that the adviser made a ton of money on the sale. Also, trying to find out how much commission or the fees are for the products(mutual funds, reits,
etc) they are managing (buying & selling) is imposible to get. Why can we not get this info in our statements so we can be informed and be able to ask the right questions.
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. jaime reyes