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

Jun. 20, 2018

Jun 20, 2018

Securities and Exchange Commission

To the and Exchange Commission,

Those who give financial advice should be held to high ethical
standards and put the interests of their clients above their own
commissions or other bonuses. Many people turn to these financial
advisors because they do not have the training in financial investments
and are very susceptible to being taken advantage of. There should be
no hidden fees and there should be total transparency about what these
financial advisors are earning for their services.

Loopholes in the current law allow for financial advisors to take
advantage of hard-working Americans. 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


Dr. Gloria Pobst