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

Jun. 21, 2018

Jun 21, 2018

Securities and Exchange Commission

To the and Exchange Commission,

For years I have tried hard to save money for the retirement years to
be able to be have the money I needed to survive. I thought I could
trust financial advisers to help me and not just themselfs to make the
money.  I have lost a large some of money from them having hidden fees
and bad advice cost me money.  I had money in AIG.  When it went
bankrupt and I lost everything and the Government bail them out and the
CEO got a 60000 dollar raise and the top people had a cruise and
vacation with the money they received to help us. It only helped them.
I just dont understand how you can aloud these type of behavior.  I
understand that they should  make a living too but we don't need or
want a standard that just makes our brokers and bankers richer.
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. Verden Peterson