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

Jun. 23, 2018

Jun 23, 2018

Securities and Exchange Commission

To the and Exchange Commission,

We had some laws put into place after the 2008 fiasco from the banks
and investment areas including Wall Street and Now some idiot wants to
take them off so that they won't have to do things honestly.
Right after the fiasco;  the banks started doing the same thing
under a new title.  The fines seem to be paid now so they are off the
hook.  Investment brokers need to follow the same above board rules for
honesty in trade.
Hidden fees and bad advice costs Americans billions of dollars and we
do deseve better.  My broker told me up front exactly what everything
Anyone who has or had an IRA, 401K or other investment believes
that this will help them retire and live.  We don't expect to go wild,
but we don't expect that we will be on the Food bank line either.
These were set up to secure our retirement and help sustain us with
Social Security that is OUR money to begin with but has been taken for
other uses since 1965 by congress....and if we are lucky to have a
pension of any amount...we hope to be able to do a few things of
enjoyment, buy out medicine, food, shelter, clothes, car and gas, pay
for repairs.   Dental bills.   What we saw in 2008; that took so much
out of the 401Ks, was HORRIBLE.   We also saw Pyramid scandals around
the country.  I know folks who were taken in by them and they lost
alot.  We need STRICT rules and regulations on all investment brokers.
It's not their money to play with.  They have to protect it for us.

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.


Ms. Diane Jones