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

Jun. 20, 2018

Jun 20, 2018

Securities and Exchange Commission

To the and Exchange Commission,

The Govenment encourages folks of all ages to save more and advises
that Social Security may be broken or broken and that further savings
is encouraged. Yet the same government including the SEC fails to keep
the financial advisors and the various "banks" from honestly advising
its customers that they may well and most likely are putting their
finacial interest ahead of their clients and the good citizens trying
to follow the rules.
The prior proposed rule withdrawn by Trump administration was a start
in the right direction.
At least make those finacial entities come clean and prominently and
clearly advise that they have no fiduciary obligation to put the
clients' interest ahead of their own. Sure they should be allowed a fee
for services but at least be upfront about how they may do that.
The more folks can't trust who they deal with the further in trouble
our way of governing becomes at risk for perhaps severe repercussions
and even further distrust. You they SEC can start improving that image
and reality.
Thanks for considering,
W. O. Strong


Mr. William Strong