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

Jun. 20, 2018

Jun 20, 2018

Securities and Exchange Commission

To the and Exchange Commission,

Unlike most wealthy financial advisers, our retirement funds are
limited and we cannot afford to be taken advantage of by unscrupulous
investment advisors/firms.  My wife and I worked hard for over 40 years
to accumulate what little we have to help us enjoy our much earned
retirement.  Stiff penalties must enacted for those who mislead those
of us who place our trust in them.  Immediate removal of their licenses
would be the perfect place to start, with a fine equal to the money
they cost their clients.

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. Cindy Payne