Subject: File Number S7-07-18: Stop financial advisers from sapping Americans' retirement savings
From: Rhonda D. Wright

Jun. 20, 2018

Jun 20, 2018

Securities and Exchange Commission

To the and Exchange Commission,

I'm a retired physician. I worked long, hard hours to earn my
retirement. I have IRAs and other investments, but no pension except
Social Security.

Many people who depend on their hard-earned retirement savings to
support them in old age also depend on financial advisers to help them
sort through their options, but the current law has loopholes that
allow these advisers to betray the trust of their clients with hidden
fees and by pushing for investments that are much more to the advantage
of the adviser than the client. These tactics allow advisers to make
money essentially by fleecing their clients.

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.


Dr. Rhonda D. Wright MD