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

Jun. 20, 2018

Jun 20, 2018

Securities and Exchange Commission

To the and Exchange Commission,

My son works as a Financial Planner and I've learned from him that
there are so many ways to take advantage of clients by advisors who
avoid fiduciary responsibility and steer clients to more costly and
less suitable investment choices due to hidden incentive structures
from financial institutions.

We're seeing many of the safeguards enacted after the 2008 financial
crisis repealed, rolled back or weakened.  This is just another
example.

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,

Mr. Thomas Seivert