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

Jun. 20, 2018

Jun 20, 2018

Securities and Exchange Commission

To the and Exchange Commission,

This predatory 'dirty pool' practice WAS made illegal & now has
been made - or is being considered being made -  ok again! Charlatans!
I have worked for Financial Planners & was IAFP chapter
administrator for 130 planners in the greater NOLA area & I PROMISE
you without legal protection planners put clients into heavily loaded
funds of 6%-8% when there are 3% funds available! Planner neglect to
pass on money saving tips - like money market accts that pay more
interest that they personally use for their own money instead of banks,
but since there's no commission in it for 'em, clients NEVER hear
about them.

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.  We've already got to work YEARS
longer than our parents did for the same degree of security due to the
baby boom & feminism minimizing our rates of pay during our earning
years & recessions have seen our savings earn little - my Dad got
10%- 12% earnings on savings - mine earn 1.3% - his credit cards
charged 5% interest - mine charge 23% interest for GOOD customers!
Don't take this protection away from us, too! CLOSE the door on


Ms. Patricia McWhorter