Jun. 20, 2018
Jun 20, 2018 Securities and Exchange Commission To the and Exchange Commission, I believe that I should be able to trust my financial advisers to put my interest first. Loopholes in the current law make it easy for many advisers to take advantage of hard-working Americans like me while the advisers line their own pockets with my retirement savings. I truly thought that my best interest was always the advisors number one priority and that when I did well, they did well. I was wrong. We all deserve better financial support. Looking back, I can see how some of my financial advisors did indeed provide me very bad information that cost me money and made them money. I have seen an improvement within the two companies that I now use as financial advisers since the information came out about hidden fees and bad advice that has cost Americans billions of dollars every year. I believe that I'm now getting better advice. However, I'm counting on you to make a stronger rule that closes the loopholes that have been exploited in the past. All Americans, including me, who have worked hard to save for retirement deserve peace of mind about our financial security. I and all the Americans like me, should not be lining the pockets of our advisers. We need to know/trust that the advisors are focused what is best for us, not what is best for the advisors. Sincerely, Mr. Michael Drake