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

Jun. 21, 2018

Jun 21, 2018

Securities and Exchange Commission

To the and Exchange Commission,

WHY would you ask for professional financial guidance from someone who
doesn't care if the advice is good for you??  Naive me, I used to
assume that financial advisors were automatically fiduciaries. Why
aren't they?

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. William Stephens