Subject: File Number S7-07-18: Stop financial advisers from sapping Americans' retirement savings
From: Kimal James
Affiliation:

Jun. 20, 2018

Jun 20, 2018

Securities and Exchange Commission

To the and Exchange Commission,

I work hard to earn my money, and I've sacrificed to put some of it
away for my retirement.  Those funds shouldn't be siphoned off in fees
that line the pockets of financial advisors, who are more interested in
their own profits than in mine.  Of course, financial advisors deserve
to earn a living, but financial advisors should be required to do what
is best for their clients, not what is best for themselves.  Good
advice should not be buried in fine print and technical language that
only insiders understand.

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.

Sincerely,

Ms. Kimal James