Subject: File Number S7-07-18: Stop financial advisers from sapping Americans' retirement savings
From: Patricia Payne
Affiliation:

Jun. 20, 2018

Jun 20, 2018

Securities and Exchange Commission

To the and Exchange Commission,

The fees on our retirement savings are horrendous!  People living on a
fixed income, even with retirement savings are barely making ends meet.
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. Hidden fees and bad advice costs Americans
billions of dollars every year, and we deserve better.

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,

Ms. Patricia Payne