Subject: Proposed Rule S7-07-18
From: Steve Wolfe

July 23, 2018

Your rulemaking should be making the difference between a Fiduciary advisor and a financial product salesperson clear to public. Any attempt to portray broker/dealer salespeople as having best interest without requiring a true fiduciary duty is wrong and I urge you to reconsider this rule. It appears to me you don’t have the interests of the public first. Why all this complicated rule writing? Just require a fiduciary standard. Steve Wolfe CFP®