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

Jun. 20, 2018

Jun 20, 2018

Securities and Exchange Commission

To the and Exchange Commission,

I recently wanted to roll over a traditional IRA from one bank to
another because of a move.  Simple right no way.  They parked the check
in a tmporary account waiting on the recent update had me return the
following week to try and have it turned to an annuity.  Shocked when I
declined it then took days to transfer from the hold to a money market.
Bait and switch tactics
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.


Mrs. Stella Labus