Subject: File Number S7-07-18: Stop financial advisers from sapping Americans' retirement savings
From: Arlene Schneider
Affiliation:

Jun. 20, 2018

Jun 20, 2018

Securities and Exchange Commission

To the and Exchange Commission,

If I understood the complexities of the financial markets I wouldn't
need a financial advisor.  I'm not an expert in medicine so I use a
doctor and expect him to act in my best interest. When I needed a
lawyer I chose someone who I thought would act in my best interest. I
should not have to worry about the person whom I ask to advise me on
matters concerning my financial future.

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.

Sincerely,

Ms. Arlene Schneider