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

Jun. 21, 2018

Jun 21, 2018

Securities and Exchange Commission

To the and Exchange Commission,

Millions of American retirees rely on our IRA's, 401K's and retirement
investments to secure our financial future.  We worked hard and spent
less so that we could retire without worry.  We lived in a time when
honesty was common and we could trust financial advisors to do what was
right by their clients.  However, a loophole in the current law makes
it easy to take advantage of us and advise us to options which put
money in their pockets and not ours.

I spoke recently with an advisor from TIAA and he was angry at the
advice we received about putting money into an Alliance investment
because of the low caps  on those investment dollars.  We won't lose
money in the investments, but our returns are much lower than they
should be.

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.


Dr. Richard Evans