Jun. 21, 2018
Jun 21, 2018 Securities and Exchange Commission To the and Exchange Commission, Dear SEC Members, My wife and I have saved for for our retirement for a long time and are finally close to that time we've been looking forward to. With both of us being self-employed for most of our careers, we have no pensions or company-funded retirement plans. Just what we have managed to put away into our own 401(k) plans. We are counting heavily on those funds being there when we are ready to stop working. As such, we have had to put a lot of trust in our financial advisers. It should not be possible for financial advisers to take advantage of loopholes in the law that allow them to line their own pockets with our retirement savings by directing our investments for the primary goal of their own financial benefit. This creates riskier investments, higher fees and lower returns for us. 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. Hold financial advisers genuinely accountable for helping us choose the best investments for us, our families and our future. Sincerely, Mr. James Parks