Jun. 23, 2018
Jun 23, 2018 Securities and Exchange Commission To the and Exchange Commission, Financial advisors should have a fiduciary responsibility to their clients. We have all heard stories about churning so brokers can make profit on trades with little regard to the customer's best interest; this is no different. Advisors should be held to a standard where they produce no harm to their clients. Again, we have all seen what happens when banks are allowed to do what they wish; make bad loans and then demand that hard-earned, American-taxpayer dollars be used to bail them out from poor decisions. Little to no oversight has shown greed produces irresponsibility. I've worked hard to save money and act like a responsible adult, and should not be victimized by bad advice and hidden costs. 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. Rhea Angle