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

Jun. 21, 2018

Jun 21, 2018

Securities and Exchange Commission

To the and Exchange Commission,

Dear SEC Members,

My wife and I have saved for for our retirement for a long time and are
finally close to that time we've been looking forward to. With both of
us being self-employed for most of our careers, we have no pensions or
company-funded retirement plans. Just what we have managed to put away
into our own 401(k) plans. We are counting heavily on those funds being
there when we are ready to stop working. As such, we have had to put a
lot of trust in our financial advisers.

It should not be possible for financial advisers to take advantage of
loopholes in the law that allow them to line their own pockets with our
retirement savings by directing our investments for the primary goal of
their own financial benefit. This creates riskier investments, higher
fees and lower returns for us.

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. Hold financial advisers genuinely
accountable for helping us choose the best investments for us, our
families and our future.


Mr. James Parks