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

Jun. 21, 2018

Jun 21, 2018

Securities and Exchange Commission

To the and Exchange Commission,

I just don't understand how the SEC can justify this loophole.  I have
to ask myself, has the SEC become so far removed from serving the
people of this country that the members are actually comfortable with
knowingly allowing, even encouraging, abuse?  So many of us have lost
our pensions and are currently reading that we have to have our
benefits reduced in order to pay for the tax reductions of wealthy
people and corporations.

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. Lonnie Standish