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

Jun. 23, 2018

Jun 23, 2018

Securities and Exchange Commission

To the and Exchange Commission,

One of the main effects during the recession of people losing money was
that the brokerage houses encouraged people to invest in securities
that were propriatary to the brokerage firms, but that the financial
advisers made alot of mony selling.  Their purpose need to be to make
money for their clients and thus make money for the company.  Some of
the brokerage firms that are still around did not encourage their
people to place their interest first, some of the ones that are gone or
were close to being gone did what you are changing the law to do.

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. Robert Telford