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

Jun. 21, 2018

Jun 21, 2018

Securities and Exchange Commission

To the and Exchange Commission,

When I go to my physician, I count on her to recommend medications,
procedures and lifestyle changes that will make me healthier.  I never
worry that she is motivated by a financial interest in those
recommendations.

Why should my financial health be any different than my physical
health?

It seems reasonable to expect a good financial adviser to take the time
to understand my unique circumstances, goals, resources and comfort
with risk--just like a doctor does a physical exam.  And then, my
financial adviser should tailor their recommendations to my needs
without undue or perverse financial incentives....just like a doctor
does.

It seems to me the current law is stacked against consumers.  Why would
you enable that?  Please close this loophole so consumers can partner
with financial advisers in a positive, mutually beneficial way and not
worry that we're risking financial abuse.

This will not only benefit consumers, but also those financial advisers
and companies who are already acting with integrity and transparency.
The only people and organizations who will be hurt are those who rely
on dishonest and deceitful business practices.  Is that who you want to
go on record as supporting?

Sincerely,

Ms. Robin Reagan