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

Jun. 21, 2018

Jun 21, 2018

Securities and Exchange Commission

To the and Exchange Commission,

wall Street has enriched all investment advisers, banks and itself -
isn't it time now to take care of people like me - seniors who worked
all our lives to build  IRAs, 401Ks, and savings to create a cushion to
take us thru a reasonable retirement?

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.

You have the authority to close the loophole that encourages honesty
and diligence to 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,

Mrs. Hewlett Appelbaum