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

June 17, 2018

Securities and Exchange Commission

To the and Exchange Commission,

Please consider a few points that I suggest need to be part of a stronger rule concerning investment advisors acting as fiduciaries:

1. Retirees like myself have worked hard to accumulate assets to supplement social security. We need to know that the advisors we work with truly do place the investor's interests ahead of their own when giving advice and explaining risk.

2. There needs to be guidelines as to what an advisor must disclose and the advice must be in plain language. It should not just be a standard boiler plate language that everyone gets. It needs to be customized to take into account the needs of the particular investor to whom it is addressed.

3. There needs to be a means to police and discipline those advisors that do not follow the new fiduciary rules.

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.

David Clarke