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

Jun. 20, 2018

Jun 20, 2018

Securities and Exchange Commission

To the and Exchange Commission,

Financial advisors should be required to adhere to the most stringent
rules that require them to fully disclose, in simple, plain language,
the costs and risks of each investment they recommend. Advisors should
have a fiduciary relation with their advisees and be held to the
highest ethical and legal standards.

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. Howard Passel