Jun. 20, 2018
Jun 20, 2018 Securities and Exchange Commission To the and Exchange Commission, The Securities and Exchange Commission is considering a new rule for financial advisers, but it isn't strong enough to protect older Americans' retirement savings. Absolutely I expect our government to protect investors from unethical practices such as suggesting particular inventments that mean a better payoff for themselves. We should be able to trust our financial advisors to put our interests first. It is terrible enough that the bad practices on Wall Street in recent years have led to many investors losing a great deal of money while CEO's profited greatly from unethical loan and insurance practices, gutting and forcing companies into bankrupcy, raiding pension plans, etc. I personally lost one-third of my retirement nest egg in the last two big stock market "crashes". I don't want to see that happen to us again! The SEO must put the citizens first and close any loopholes that enable companies and financial advisors to fleece the citizens. 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, Dr. Sharon Mannion