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

Jun. 20, 2018

Jun 20, 2018

Securities and Exchange Commission

To the and Exchange Commission,

Securities and Exchange Commission

Dear Sirs,

The Securities and Exchange Commission is considering a new rule for
financial advisers, but it isn't strong enough to protect older
Americans' retirement savings.

For myself and millions of other retirees, and those saving for
retirement through investment vehicles of all kinds, the Commission
must provide the strongest possible safeguards against abusive
practices by all financial advisers.  Rather, the Commission must
encourage transparent disclosures in plain English for all people who
use financial advisers.  No one in the United States needs to be
exposed to the loss of their savings through exorbitant fees, hidden
fees, and self-dealing financial advisers.

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.


Mr. Thomas Hannan