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

Jun. 21, 2018

Jun 21, 2018

Securities and Exchange Commission

To the and Exchange Commission,

I've been working since I was 14 years old, and saving for retirement
since I was 30. That's nearly 50 years in the work force and 30 years
of saving. It's not at all fair for some unscrupulous person to try and
quickly profit themselves by siphoning off from my accomplishments.
That type of person should be held accountable for their actions and
it's up the our elected officials to put laws into place that protect
us. I know your retirement will be paid by tax-payer monies, so you are
not as affected by not acting. But try to put yourself into the
"peoples" shoes.

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. John Klostermann