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

Jun. 22, 2018

Jun 22, 2018

Securities and Exchange Commission

To the and Exchange Commission,

It is upsetting to know that financial advisors don't have to work in
their customer's best interest but steer them into investments which
pay the highest commissions. I personally have been steered to an
investment which has had huge expense fees which paid very high
commissions to the very convincing advisor instead of investing in a
similar mutual fund with much lower fees(and much lower commissions ).
The result is that I made thousands of dollars less that I really
needed for my 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.

Sincerely,

Mrs. Brenda Weiner