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

Jun. 20, 2018

Jun 20, 2018

Securities and Exchange Commission

To the and Exchange Commission,

I am a single person who worked hard all of my life, put money into an
IRA-type savings account at the encouragement of an investor, I was
guaranteed 4% in the original, moved it at his encouragement, and have
lost more than I could have earned. Had I known what he and his company
would have ripped me off from, I never would have done it.
It should be THE LAW that investors have to be informed of ALL charges
and fees UP FRONT, as well as the risks. I put my money in a MINIMUM
risk investment when I was given several other choices of more risks. I
was taken for a ride, and will have problems for the rest of my life.
Help us, please. The vast majority of Americans can't live on Social
Security, and can't afford to save much, if any, on our salaries.
We are not the rich and privileged.

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. Kathleen Nee