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

Jun. 20, 2018

Jun 20, 2018

Securities and Exchange Commission

To the and Exchange Commission,

The term "professional" indicates someone with a qualitative
expertise; if that expertise is financial advice, they should be held
to the highest possible standard when it comes to advising the elderly,
since the elderly will not have the opportunity to recoop losses from
bad advice. Just as a grocer has to made the charge for their goods
readily available to his buyers, financial advisers should have to
openly post all of their fees for their services.  If a client is not
specifically made aware of a fee to be charged before that charge is
made, the client should not have to pay it.

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.


Ms. Kathie Livesley