November 29, 2013
I've already written in support of Dodd-Frank rule 953(b), which addresses the intersection of pay equity and investor value.
Since then I've seen a report on an SEC "final" rule that you've just changed.
The report describes your action as "unprecedented" and the change will preserve the ability of SEC officials "to cash in on their public service in a way other federal officials (thankfully!) cannot."
Assuming the report is true...
When you get that new job, they'll reward you for blocking Dodd-Frank rules. So... why go through a rule process in the first place? Heck... Why have a Congress? You've just crossed over to Banana Republic territory.
But... in case somebody reigns you in and someone who cares about serving the public's interest reads this...
I urge you to stand firm and implement a strong rule that will uphold the intent of the Dodd-Frank law.
Thank you for considering my comment,
Maribeth MilnerLincoln, NE