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

Jun. 20, 2018

Jun 20, 2018

Securities and Exchange Commission

To the and Exchange Commission,

The rule should reflect the highest form of consumer protection. That
should be a regulation that puts the interest of the consumer first.
All transactions should disclose fees and other arrangements that favor
the the financial advisor.

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. William Federhofer