Jun. 21, 2018
Jun 21, 2018 Securities and Exchange Commission To the and Exchange Commission, As a retired physician I know how difficult it is to find reliable financial advice to help ensure that my retirement savings are wisely invested. And I am a well educated and reasonably astute individual. But that does not make me competent to navigate the complexities of our financial markets. I need good, honest advice. So you can imagine how disheartening it was to hear that a well respected company like Wells Fargo was scamming its clients. It is no longer possible to assume that those in business to provide financial guidance and advice will act ethically and put our financial interests first. We need the law to protect us. We need to close the loophole in the current law that allow financial advisors to act in their own interests rather than in the best interests of their clients. Investors trying to plan for a secure retirement need protection from hidden fees and intentional bad advice from the very agencies they engage to guide their investment decisions. I'm counting on you to make a stronger rule that closes this loophole. Americans who've worked hard to save for retirement deserve peace of mind about their financial security. Sincerely, Dr. Joan Mattson