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

Jun. 21, 2018

Jun 21, 2018

Securities and Exchange Commission

To the and Exchange Commission,

My husband and I are  sophisticated enough and educated enough to know
what expenses we incur in our investments.  Others are not.  When
investors entrust their money with another to build wealth the money
manager should only be entitled to a reasonable fee and should have the
fiduciary obligation to pick investments suitable to the investor and
to not churn the investor's holdings.

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. Marsha Heine