Jun. 24, 2018
Jun 24, 2018 Securities and Exchange Commission To the and Exchange Commission, My mother is 89 years old. She has been bedridden for several years. Thank goodness my father, who died in 1981, had left her investments that have helped her stay in her own home. However, her financial advisor kept wanting to shift her money into riskier investments. She could have lost money that she needs for her care today. When the market plunged in 2008, she was frightened. While market ups and downs are part of the risk investors take, we should not have to risk our financial advisors putting us in risky investments for their own benefit. Close this loophole and ensure a higher standard than the currently proposed rule. Hold anyone who gives financial advice genuinely accountable for helping everyday Americans choose the best investments for us, our families, and our future. We don't need or want a standard that just makes our brokers and bankers richer. 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. Carol Rodgers