Jun. 20, 2018
Jun 20, 2018 Securities and Exchange Commission To the and Exchange Commission, Selling someone advice, and the advising them to invest in ways that move money out of their pocket and into yours, is nothing more than theft. In fact, it's double theft - stealing once by means of bad advice and then stealing again by charging for it. Yet without a strong fiduciary rule or equivalent, this theft is perfectly legal - and for many financial institutions, it's business as usual. This is just plain wrong - and older Americans are losing billions because of it. 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, Dr. George Rappolt