Jun. 20, 2018
Jun 20, 2018 Securities and Exchange Commission To the and Exchange Commission, I have worked hard and saved up to 15% of my income for my retirement; only to see a large portion of it melt away due to market activity and the constant drain of fees. I want to know who is going to bail me out like the banks and brokers? Why should they get a helping hand and still as individuals get paid the huge sums of money they get as either income or bonuses? How much did their pocketbooks suffer? Perhaps they should have had to pay at least the bonuses back. Enough of that; financial advisors MUST be held to a high standard of conduct. They claim to know how to help the public save for retirement, but all too often their primary purpose is to bolster their own income as well as their company's best interests. Anyone providing financial advice MUST put the clients needs first. I do not know the best approach but the current situation is untenable. We are pushing individuals to provide for themselves but without any reliable assistance or education. And with a well-organized, deep-pocketed group determined to get their hands on as much of our money for themselves as they can. Not right, not good, not fair. It must be stopped. 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. Beth Burnett