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

Jun. 21, 2018

Jun 21, 2018

Securities and Exchange Commission

To the and Exchange Commission,

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.

Anyone who manages another person's money ethically has a fiduciary
responsibility to do what is in the best interest of the person they
are working for.  Unfortunately, this is not enough to compel every
financial representative to do what is best for her client.  We need to
have laws with real teeth to keep the few unethical people in line.  I
am sure the ethically-motivated financial advisors have no problem with
such a law.  Should anyone who has a problem with such a law be in the
business of handling other people's money?


Mr. Michael Rust