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

Jun. 21, 2018

Jun 20, 2018

Securities and Exchange Commission

To the and Exchange Commission,

My wife and I are 70 years old.  We have relied on " Financial
Advisers" to help us invest for the future.  Twice we have been
diverted to investments that we lost money on or broke even on.  The
only person that benefitted was the " advisor " who got commissions for
not looking out for our 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.


Mr. Stephen Hilyard