Subject: File Number S7-07-18: Stop financial advisers from sapping Americans' retirement savings
From: Sharon Mannion

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

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,

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.


Dr. Sharon Mannion