Jun. 20, 2018
Jun 20, 2018 Securities and Exchange Commission To the and Exchange Commission, People work hard for decades to raise a family, put their kids through college or trade school, and prepare for a hopefully long and satisfying retirement. They should not have to deal with the risk of getting misleading financial and investment advice from someone who is only interested in padding their own pockets at the expense of their clients. That should be fraud, or theft. It certainly is unethical and immoral. How is it that the laws and regulations of our country with respect to financial advisors allow them to act in unethical and immoral ways? Aren't the laws and regulations we live under as Americans supposed to be protecting us from those predatory individuals who prey on average working Americans? There shouldn't be a need for closing a loophole like this if these advisors had any kind of moral compass, but, unfortunately, it appears that they do not. We have to make the penalty under the law more painful to them than the reward they might gain from continuing to use their unethical tactics on unsuspecting individuals. 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. Richard Kogler