Subject: File Number S7-07-18: Stop financial advisers from sapping Americans' retirement savings
From: c j wright

Jun. 20, 2018

Jun 20, 2018

Securities and Exchange Commission

To the and Exchange Commission,

I am a former credit analyst ( now retired ).  The fiduciary rule needs
to be restored !    My  401k advisor placed me in high-cost mutual
funds, until I caught on.  Some pay commissions of 5% upfront ( your
money to your broker).  AND this will not be plainly disclosed.
ANNUITIES:  often mis-sold, to people who should not have that much of
their $$ placed in them.

I'm counting on you to make a stronger fiduciary rule that closes these
loophole(s). Americans who've worked hard, or even not, to save for
retirement deserve peace of mind about their financial options.


Mr. c j wright