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

Jun. 20, 2018

Jun 20, 2018

Securities and Exchange Commission

To the and Exchange Commission,

All Finacial advisors, regardless of their license, business name or
title should be required to diligently work for the best interest of
their client, not for their own self interest.

Commissions should be fixed again. Variable commissions on different
investment products is the root cause of abuse. The most toxic and
inappropriate investments will always carry the highest commissions.

Inducining elderly clients to leverage their investments with margin
debt is another practice that needs to be sharply curtailed.

I'm counting on you to make stronger rules that close the loopholes.
Americans who've worked hard to save for retirement deserve peace of
mind about their financial security.


Mr. Edward Noyes