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

Jun. 20, 2018

Jun 20, 2018

Securities and Exchange Commission

To the and Exchange Commission,

I am fortunate to have financial advisers who have always worked in the
fiduciary model.  They carefully select their money managers based on
years of wise and balanced practices.  And the fiduciary systems
rewards these advisers, because they make their fees by charging a
percentage of our investments with them.  Therefore, if we do well,
they do well.  This model provides an incentive for everyone involved
to do well financially.  It is honest and fair to all parties.

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.


Mrs. Susan Vogel