Subject: File Number S7-07-18: Stop financial advisers from sapping Americans' retirement savings
From: Byron Best

May 31, 2018

Securities and Exchange Commission

To the and Exchange Commission,

Like me, millions of Americans are counting on our IRA's, 401(k)s and
other investments in order to secure our financial future. We cannot
rely on social security or employer pensions to be around by the time
we retire. We have worked our entire lives to save for a responsible
retirement, yet we have watched helplessly while many financial
planners and brokers have personally benefited by directing us toward
poor investments that pay them more in upfront and continuing fees....
often fees that drain away our equity as well as our earnings.

Fees should never be hidden from the consumer in any way, shape, or
form. And, the fiduciary responsibility of financial advisors,
brokers, and plan administrators MUST always be in the best interest of
the consumer to whom they provide their services.

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.


Mr. Byron Best