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

Jun. 20, 2018

Jun 20, 2018

Securities and Exchange Commission

To the and Exchange Commission,

My financial advisors/company has me on a moderate risk category
because they said since the money I have is a long term investment than
I will see my account increase in the long run.  They have me in ETF's
which they charge fees every time they trade on my account. In 2017 the
trading fees were $88.09 and the advisory fees were $922, 25 a total of
$1,010.34.  I have spoken with them several times in 2018 and they
reassure me that the market will correct its self.    I told them that
I want to maintain my principle money.  But it looks like my saving
will be depleted quickly if they continue to trade on my account along
with the advisory fees.    This is making me stressed and I think they
need to think about all the retirees living longer and not go after
their money on advisory and trading fees .

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. Rosa Alcaraz