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

Jun. 20, 2018

Jun 20, 2018

Securities and Exchange Commission

To the and Exchange Commission,

My previous financial advisor recommended 2 securities that he created.
It ended up costing me 0.6% of the invested amount in those accounts
every year. This was in addition to his 1% fee. After 3 years of market
growth, but negative growth for my accounts i wised up and moved my
retirement to a more reputable firm.

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.
Thank you for listening.


Mr. Larry Beberdick