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

Jun. 20, 2018

Jun 20, 2018

Securities and Exchange Commission

To the and Exchange Commission,

Those offering advice and services SHOULD have fiduciary responsibility
toward their clients. They SHOULD have the best interests of their
clients in mind with recommendations; NOT their own way to make more
money from their clients. All of us have worked hard for our money to
invest and such investment SHOULD be done to benefit our longevity and
the expenses associated with it - not to pad a financial advisor's
pocketbook!

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,

Dr. Robert Permut