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

Jun. 20, 2018

Jun 20, 2018

Securities and Exchange Commission

To the and Exchange Commission,

When I seek professional financial advice I need to be legally assured
that my advisor is only looking out for my benefit, not his or not some
other potential beneficiary, me alone!  With the end of many
professionally managed pension funds individuals have had to take
responsibility for their own eventual financial security and need to be
assured that the professionals they consult to manage their accounts
are held to the highest fiduciary standard.  Otherwise many will likely
fail and  the government will be saddled with having to support even
more of its citizens on welfare and Medicaid.  I ask you, which would
you rather have, individuals capable of financing their own retirement
or the government having to do it?

I for one am 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. Jon Hausler