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

Jun. 20, 2018

Jun 20, 2018

Securities and Exchange Commission

To the and Exchange Commission,

Because of a completely unforeseen brain injury, I was forced into an
early retirement. Fortunately, my employer at the time had a good
disability insurance policy, which allows me to live comfortably. But
not everyone has access to that. At least one of my old employers -- a
small weekly newspaper in Maryland -- is reported to have done away
with the health insurance it used to provide. I thank God that I got
away and found a decent job before my aneurysm, because heaven only
knows what would have happened to me otherwise.

I also receive Social Security Disability payments, which go straight
to my savings accounts. Not everyone can afford savings accounts. That
old job I mentioned? They probably would have shrugged and cut me off
had I suffered my brain injury while I was working there.

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. Kathryn Burns