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

Jun. 21, 2018

Jun 21, 2018

Securities and Exchange Commission

To the and Exchange Commission,

President Obama started the process where every financial advisor would
have to be a fiduciaries.  Every financial planner must be a certified
financial planner (CFP) to be called a financial planner.

We live on the limited income of SS, pensions, and our investments.  We
have already gone through one financial advisor that cost us $100,000
by shifting us around to different plans that were internal to the
company. We don't need more investment company's that are in it just
for them selves.

I would like to see a system that makes the income of the investment
company dependent upon how well my investments do. I don't mind paying
fees if those fees are based on a percentage of how well my stock
portfolio is doing over time.

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.


Mrs. Bonnie Brann