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

Jun. 20, 2018

Jun 20, 2018

Securities and Exchange Commission

To the and Exchange Commission,

I personally have been taken advantage of by a financial advisor who
sold me a bunch of annuities instead of investing my money in a way
that would benefit me the most.  I now realize that he did this because
selling annuities (basically instance) generated significant
commissions. I thought I was saving for my retirement. Actually I was
patting his!

We should be able to trust these people but apparently we can't, and
loopholes in the law making it essentially legal for them to fleece
retirees is nothing short of outrageous.

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. David Fiedler