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

Jun. 21, 2018

Jun 21, 2018

Securities and Exchange Commission

To the and Exchange Commission,

After 38 years of working I am retired in July 2015 and have not worked
since then.  Investments of two 401k's from prior jobs are my income in
addition to my social security (which is a small  percentage of my
monthly income).  My 401k income is the major part, which is vitally
important to my ability to live comfortably and securelyafter working
so long.    I have a financial company to manage my accounts as I don't
have the knowledge to do it myself and am paying quarterly a percentage
of the total for this service which I trust is fair but I certainly am
not sure it is. And worse I have no idea how to find out if it is.    I
need my money to live off of for the reminder of my life and need to be
able trust that I am not being taken advantage of.
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. Bennetta Wyatt