Subject: File Number S7-07-18: Stop financial advisers from sapping Americans' retirement savings
From: T. Noonan
Affiliation:

Jun. 21, 2018

Jun 21, 2018

Securities and Exchange Commission

To the and Exchange Commission,

Financial issues are complex and few Americans understand them. I pay
for financial advice and management and trust the experts to give me
sound advice. I should not need to worry if there are hidden fees and
charges that is sapping my retirement fund to make my adviser wealthy
at my expense. The existence of loopholes like this creates an image of
advisers in the financial sector as unscrupulous and evil. This image
reduces the customer base for advisers and drives down investments as
investors take their money to other areas to avoid being a victim. Do
what is right and legitimate business will flow.

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. T. Noonan