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

Jun. 20, 2018

Jun 20, 2018

Securities and Exchange Commission

To the and Exchange Commission,

My wife is a CPA and works with dozens of families who have been
victimized by unethical financial advisors who are receiving kickbacks
for promoting certain products, hiding fees, putting clients in
investment types that make no sense for their age of health condition
or who are just churning stocks to earn commissions for themselves.
the laws and regulations governing investment advisors needs to change
to protect our citizens.
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.


Mr. Michael Henderson