Jun. 21, 2018
Jun 21, 2018 Securities and Exchange Commission To the and Exchange Commission, Millions of American retirees rely on our IRA's, 401K's and retirement investments to secure our financial future. We worked hard and spent less so that we could retire without worry. We lived in a time when honesty was common and we could trust financial advisors to do what was right by their clients. However, a loophole in the current law makes it easy to take advantage of us and advise us to options which put money in their pockets and not ours. I spoke recently with an advisor from TIAA and he was angry at the advice we received about putting money into an Alliance investment because of the low caps on those investment dollars. We won't lose money in the investments, but our returns are much lower than they should be. 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. Richard Evans