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

Jun. 28, 2018

Jun 28, 2018

Securities and Exchange Commission

To the and Exchange Commission,

Same as many others, I have recently retired from a 39-year career.  I
care deeply that I am able to live the balance of my life without worry
that a shady financial advisor will take advantage of me by giving bad
advice.  I am counting on the money that I have earned and saved over
the years to see me through.

It is only fair that a financial adviser should put my interests first.
I totally understand that she/he should make some money from helping
me -- same as any other service.  But to enrich themselves at my
expense is criminal.

The loopholes in the current law make it easy for many advisers to take
advantage of hard-working Americans like me and line their own pockets.
Seniors like me deserve protection.

Please 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 the advisors richer.

I am counting on you to make a stronger rule that closes the loophole.
I have worked hard to save for my retirement deserve peace of mind
about my financial security.

Sincerely,
Milli Burton