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

Jun. 21, 2018

Jun 21, 2018

Securities and Exchange Commission

To the and Exchange Commission,

***As a retiree I know firsthand how complicated it is for a financial
nonprofessional to make good decisions for retirement saving and
planning. I am requesting that the SEC create strict rules which
require financial advisors to put our interests first and make it
unlawful for them to take advantage of us by putting their interests
ahead of ours.  Please close the loopholes which permit hidden fees and
allow advice giving benefiting the advisor over the customer.  I know
it is difficult to legislate good behavior, but also know that there
are ways to create standands of ethical behavior and create a
professional culture which follows those guidelines.  Please help make
it possible by proposing strict rules which protect those of us who
need protecting.
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. David McCullough