Subject: File Number S7-07-18: Stop financial advisers from sapping Americans' retirement savings
From: Sharon A Engel
Affiliation:

Jun. 23, 2018

Jun 23, 2018

Securities and Exchange Commission

To the and Exchange Commission,

I have worked very hard to have retirement savings accounts for a
secure future.  Not knowing myself the best way to invest my
hard-earned  money I have financial advisers to guide me.

They should not be allowed to have hidden fees and bad advice to line
their pockets with my hard-earned savings.

PLEASE CLOSE THIS LOOPHOLE AND ENSURE A HIGHER STANDARD THAN THE
CURRENTLY PROPOSED RULE. HOLD EVERYONE WHO GIVES FINANCIAL ADVICE
GENUINELY ACCOUNTABLE FOR HELPING US CHOOSE THE BEST INVESTMENTS FOR
US.  WE DON'T NEED OR WANT A STANDARD THAT MAKES OUR BROKERS AND
BANKERS RICHER.

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. Sharon A Engel