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

Jun. 21, 2018

Jun 21, 2018

Securities and Exchange Commission

To the and Exchange Commission,

It is unbelieveable the financial advisors can under existing rules not
disclose honestly what hidden costs there are and how they can profit
from directing senior citizens like myself to invest in products that
are not to our benefit but theirs. It is so difficult to read the
prospectus which one needs to have a degree in economics or finance to
understand . Most states have enforced making insurance policies
understandable and readable to the average person. Why can't we have
the same standards for the financial advisors world.
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. John Root