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

Jun. 20, 2018

Jun 20, 2018

Securities and Exchange Commission

To the and Exchange Commission,

To Whom it May Concern:

When I was very young and selling life insurance the older agents will
advise me that I will not be in this business very long if I continue
on thinking about the client.  You should sell the companies product
which provides you a greater commission quicker.
However, I did not take their advice and shortly after 1-1/4 years left
the business due to not being able to maintain an income to live on at
the young age of 24.  But I will always be proud that I always thought
about the client's needs first and did not sell a product because it
will benefit me only.

Throughout my life I always thought about the client first and helped
them first.  As a salesclerk, waiter, Insurance Safety Trainee, and
finally an Premium Auditor.

Please think about the average individuals who has little knowledge
about investing in this complicated financial world.  Do not allow the
agents who have obtained their licenses to invest other people's money
without thinking about lining their pockets first.  I do remember two
past individuals who said, I will help people who has 100,000 to invest
only (1985) and another individual who said, I will only assist people
who has below 500,000 minimum (2000).  I never could afford to have
them watch over my assets since I did not have that amount then.

As a SEC Representative I am sure you are provided with benefits and
privileges which the ordinary individual will not be able to receive or
have as a retired employee not within the State of Hawaii / City and
County of Honolulu / Union Organization / High 5 Corporations / Federal
Government.  Please help the ordinary people and close the legal
loophole for agents to not look after the people first.


Mr. Glenn Chang