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

Jun. 21, 2018

Jun 21, 2018

Securities and Exchange Commission

To the and Exchange Commission,

I worked on Wall Street in both branch and trading floor environments.
It is all about money and making as much as possible.  I have seen a 70
year old's portfolio turned over twice in a year to generate
commissions.  Your repeal of consumer protections will allow this to
occur again.

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.

I have a problem with an administration that is pro-business and
anti-consumer with no attempt to balance it out.


Ms. Catherine Karl