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

Jun. 20, 2018

Jun 20, 2018

Securities and Exchange Commission

To the and Exchange Commission,

I am a working professional with many required skills. Finances is not
a forte of mine, so I have to rely on individuals that I
"hire" to advise me when it comes to making sound financial
decisions that will benefit me in the long run.

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.

Close this loophole and ensure a higher standard than the currently
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.

Sincerely,

Mr. Wayne Johnson