Jun. 21, 2018
Jun 21, 2018 Securities and Exchange Commission To the and Exchange Commission, ***It is time to close the loophole that takes advantage of investors who do not always understand all of the hidden fees, risks, etc that make an investment sound appealing by smooth talking advisers. Everyday Americans should be able to trust the financial advise of advisers and believe they are acting in our best interest, instead of padding their own pockets. Shady advisers are similar to CEOs who have increased the price of certain life saving drugs and then have the gall to stand in front of cameras with a smirk on their face and act as if they did nothing wrong. They ought to be ashamed of their actions, treated as criminals, and sent to jail for a long time. As a country we need to be promoting "Doing the Right Thing" and not allowing a few to take advantage of others. I am praying there is a special place in hell for all advisers, CEOs, smooth talking sales people, etc. who take advantage of the elderly, sick and less fortunate.*** 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. Thank you for reading my comments. Hopefully action will be taken to close this loophole. Sincerely, Mrs. Kathy Fitzpatrick