Jun. 20, 2018
Jun 20, 2018 Securities and Exchange Commission To the and Exchange Commission, Americans depend on financial advisers, and pay them well, to give good advice on stocks, bonds and markets, simply because they have expertise that we do not. Unfortunately, there are those that are in the business to line their own pockets instead of doing what is right and what they are supposed and expected to do. This is the fatal flaw of people when money is involved, and the reason why we need to have strong laws and rules of business, and repercussions to protect us from this flaw. While most Americans rely on there investments for retirement, and since Social Security is almost certain to fail, the SEC must ensure that these investments and all the procedures and protocols surrounding this business is orchestrated and implemented in the best way possible. It must protect the investor, first and foremost, as the investor makes all this possible. And, that any deviance from these laws and rules must be dealt with in the most stern way. 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. Kenneth Phillips