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

Jun. 21, 2018

Jun 21, 2018

Securities and Exchange Commission

To the and Exchange Commission,

I have a financial adviser who puts me first, but that is because I
have enough assets to be attractive to someone who will put me first.
For those with limited assets, it is key that they will be working with
a financial adviser who will put them first.

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. Michael Schmidt