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

Jun. 21, 2018

Jun 21, 2018

Securities and Exchange Commission

To the and Exchange Commission,

To put it simply, there's no conscionable excuse for allowing financial
advisers to put their interests ahead of their clients.  Advisers must
be held to the fiduciary standard of giving advice that's in the best
interest of their client, and not themselves.  This is especially
important with regards to retirement savings.

People who miss out on earnings on discretionary investments simply
loose out on added earnings.  People who miss out on retirement
earnings can suffer a greater loss because it means they may have a
sub-standard quality of living for the rest of their life.

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. Paul Glasser