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

Jun. 20, 2018

Jun 20, 2018

Securities and Exchange Commission

To the and Exchange Commission,

As a new retiree and a former financial advisor I know firsthand how
important it is for not only seniors but every person saving for
retirement to be able to get solid impartial advice. It can make all
the difference in the world.

Close the loophole. Financial advisors should have a fiduciary
relationship with their clients. Financial institutions have spent
billions preparing for the new laws and welcome them. There is no
reason not to. There is so much at stake.

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.


Ms. Darnell Grossi