Jun. 28, 2018
Jun 28, 2018 Securities and Exchange Commission To the and Exchange Commission, Unfortunately, many people depend on financial advice from a professional in making confusing but mportant financial decisions. The relationship with a financial advisor can be compared to the trust that you have for your doctor. People do not expect doctors to give advice that will make them just a little better off so that the doctor can get richer by prescribing the wrong medication. Financial advisors are trusted for advice that will make their client's financial decisions healthy which requires the advisor to be in a fiduciary role. Currently there are loopholes in the law that make it easy for advisors to take advantage of hard working Americans and line their pockets with our retirement savings. 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, Mr. Richard Brown