Jun. 22, 2018
Jun 22, 2018 Securities and Exchange Commission To the and Exchange Commission, The fudciary rule in ERISA do not inhibit an advisor from telling the client of investments which may cost more or are riskier it requires the agent to disclose all matters such as how much more costly it may be and the possible risk of loosing some or all of the investment. My father lost over 15,000 many years ago as his trusted advisor put him in a very bad investment which the advisor said had the potential for very large gains. Both my dad and the advisor are dead now. I only learned of it from my mother years after. They were on a fixed income as are many and the hook that they could increase their income stream with the investment was something that they were duped in to doing. It is in the best interest of the many who are less informed to be protected from those scoundrels. If you do not protect the American public you are doing a disservice and are unfit for your position. Bob Rayburn U.S. Veteran 1963-1967 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, Mr. Bob Rayburn