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

Jun. 20, 2018

Jun 20, 2018

Securities and Exchange Commission

To the and Exchange Commission,

My warm greetings to the reader of this open message to the SEC.

I understand that the SEC is in the review process for new rules
relating to the accountability and fiduciary responsibility of
financial planners. Previous effort to increase both in protection of
people like me did not bear fruit; instead allowing these professionals
to place their interests above those of their clients.

The current review is one more chance to close the gaps. We should be
able to trust our financial planners /advisers to put our interests
first. But loopholes in the current law make it easy for many advisers
to take advantage of hard-working Americans and line their own pockets
with our retirement savings.
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.

Please find a fair  and equitable  means that protects families and
retirees; these means are not currently in the proposed rule. Hold
anyone who gives financial advice genuinely accountable for helping
everyday Americans choose the best investments for us, our families,
and our future. We don't need or want a standard that just makes our
brokers and bankers richer.


Mr. Douglas Manning