Jun. 21, 2018
Jun 21, 2018 Securities and Exchange Commission To the and Exchange Commission, President Obama started the process where every financial advisor would have to be a fiduciaries. Every financial planner must be a certified financial planner (CFP) to be called a financial planner. We live on the limited income of SS, pensions, and our investments. We have already gone through one financial advisor that cost us $100,000 by shifting us around to different plans that were internal to the company. We don't need more investment company's that are in it just for them selves. I would like to see a system that makes the income of the investment company dependent upon how well my investments do. I don't mind paying fees if those fees are based on a percentage of how well my stock portfolio is doing over time. 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, Mrs. Bonnie Brann