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

Jun. 21, 2018

Jun 21, 2018

Securities and Exchange Commission

To the and Exchange Commission,

***It is time to close the loophole that takes advantage of investors
who do not always understand all of the hidden fees, risks, etc that
make an investment sound appealing by smooth talking advisers.
Everyday Americans should be able to trust the financial advise of
advisers and believe they are acting in our best interest, instead of
padding their own pockets.  Shady advisers are similar to CEOs who have
increased the price of certain life saving drugs and then have the gall
to stand in front of cameras with a smirk on their face and act as if
they did nothing wrong.  They ought to be ashamed of their actions,
treated as criminals, and sent to jail for a long time.
As a country we need to be promoting "Doing the Right
Thing" and not allowing a few to take advantage of others. I am
praying there is a special place in hell for all advisers, CEOs, smooth
talking sales people, etc.  who take advantage of the elderly, sick and
less fortunate.***

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.

Thank you for reading my comments.  Hopefully action will be taken to
close this loophole.


Mrs. Kathy Fitzpatrick