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

Jun. 20, 2018

Jun 20, 2018

Securities and Exchange Commission

To the and Exchange Commission,

Why in the world should it be ok for someone who is charging me for
offering advice on finances to tailor that advice so that he makes the
most money regardless of the effect on my finances? What happened to
the concept that the customer matters? If the adviser is  not charging
me for advice, then I need to beware of how well he is performing, but
if I am paying for the service, that adviser owes a fiduciary duty to
me, not to himself.

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. Edward Birge