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

Jun. 21, 2018

Jun 21, 2018

Securities and Exchange Commission

To the and Exchange Commission,

I find it hard to believe that the SEC would allow the continuation of
a practice which places the greed of unscrupulous financial advisers
above those of the average hard working American who is just trying to
save enough for a decent retirement. To allow the desires and unknown
goals of the adviser to prevail over the investor is unconscionable.
Please consider closing this loophole which costs the American investor
over 1.7 billion dollars annually. Wall Street is scary enough but to
allow the financial adviser the opportunity to 'steal' from the
investor is downright wrong.

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.


Ms. Katherine Wolfe