Jun. 20, 2018
Jun 20, 2018 Securities and Exchange Commission To the and Exchange Commission, Securities and Exchange Commission Dear Sirs, 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. For myself and millions of other retirees, and those saving for retirement through investment vehicles of all kinds, the Commission must provide the strongest possible safeguards against abusive practices by all financial advisers. Rather, the Commission must encourage transparent disclosures in plain English for all people who use financial advisers. No one in the United States needs to be exposed to the loss of their savings through exorbitant fees, hidden fees, and self-dealing financial advisers. 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. Thomas Hannan