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

Jun. 22, 2018

Jun 22, 2018

Securities and Exchange Commission

To the and Exchange Commission,

They should view their investors money as though it were dtheir
Millions of Americans like me are counting on our IRAs, 401(k)s and
other retirement accounts for a secure financial future  and we've
worked hard to build and grow our savings.

We should be able to trust our financial advisers to put our interests
first. But loopholes in the current law make it easy for many advisers
to take advantage of hard-working Americans and line their own pockets
with our retirement savings.

Hidden fees and bad advice costs Americans billions of dollars every
year, and we deserve better.

Close this loophole and 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.

Financial Advisors and their management should not be given the
opportunity to steal from their clients. Theft is theft. The law SHOULD
NOT PROVIDE OPPORTUNITES FOR THOSE WHO WISH TO TO TAKE ADVANTAGE OF THE
LAW AND IN TURN THEIR CLIENTS.

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. Neely Alloway