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

Jun. 21, 2018

Jun 21, 2018

Securities and Exchange Commission

To the and Exchange Commission,

I have not used financial counselors for this very reason: they can't
be trusted. I have used the specialists in the insurance industry to
gather information and pit each one against the other and I used only
the largest companies to feel safer. We know of an agent who was
working with us and he left the insurance company but was already
working with friends of ours and he steered them into several bad
investments before he left. The large insurance company did work with
my friends to restore some of the funding they lost due to the agent's

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.


Mr. William April