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

Jun. 20, 2018

Jun 20, 2018

Securities and Exchange Commission

To the and Exchange Commission,

Back long ago, I had a broker with Salmon Smith Barney.  I specifically
remember, after the broker convinced me to place a particular trade,
that I trusted her that she was on my side and doing the best thing for
me and my wife.  There was a silence; she did not respond.  Later the
trade amounted to nothing.  I should have switched to a fee-based
advisor who is a fiduciary.  Fortunately I have been with them for 20
plus years now.  Edelman Financial Service.

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. William McAllister