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

Jun. 20, 2018

Jun 20, 2018

Securities and Exchange Commission

To the and Exchange Commission,

We are retired and on a tiny fixed income.  We can use all the help we
can get to struggle daily, exist, and survive out of poverty.  It is
not fair to the elderly who worked all our lives to be taken to the
cleaners by advisors who take our money with no returns or gains, yet
they can buy new expensive cars, house(s), and vacations.  It is

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. Jeffrey Noguchi