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

June 4, 2018

Securities and Exchange Commission

To the and Exchange Commission,

Retirement advice can come at a heavy cost

It's hard to believe, but not every financial advisor is required to give his client the best recommendations  and can give advice that helps them turn a bigger profit. Loopholes in the current rules allow bad advisors to take advantage of hard-working Americans, and hidden fees and bad advice from Wall Street are costing Americans billions of dollars every year.

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. Peter Nardone