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

Jun. 21, 2018

Jun 21, 2018

Securities and Exchange Commission

To the and Exchange Commission,

There is a loophole in the rules that makes it legal for some bad
financial advisers to tell you where you should put YOUR money based on
what's best for THEIR pocketbooks, not yours.
The new rule Securities and Exchange Commission is considering for
financial advisers,  isn't strong enough to protect older Americans'
retirement savings.

Millions of Americans like me are counting on our IRAs, 401(k)s and
other retirement accounts for a secure financial future  and we've
worked hard to build and grow our savings.

We should be able to trust our financial 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 am counting on my investment to live on should Social Security  go

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.


Mr. Donald Manchester