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

Jun. 20, 2018

Jun 20, 2018

Securities and Exchange Commission

To the and Exchange Commission,

There is no reason for getting rid of the current rule that stopped
financial advisors from providing financial advice that costs investors
more and gives them more income.

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.

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. Cathleen Holmes