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

Jun. 20, 2018

Jun 20, 2018

Securities and Exchange Commission

To the and Exchange Commission,

We work hard to earn our income and we do with less so that we are able
to put money away for retirement. Joe public is seeking a financial
advisor because he/she does not have the time/ability to know
investments, etc.  There needs to safeguards/legislation put in place
that prevents schemes and financial advisors from padding their income
with my hard earned money.  Loopholes in the current law need to be
closed to prevent this injustice.

Close this loophole and ensure a higher standard than the currently
proposed rule. Hold anyone who gives financial advice genuinely
accountable for helping everyday Americans choose the best investments
for us, our families, and our future. We don't need or want a standard
that just makes our brokers and bankers richer.

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. Bonnie Avery