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

Jun. 22, 2018

Jun 22, 2018

Securities and Exchange Commission

To the and Exchange Commission,

There is no possible justification for an advisor to put his interests
before the clients.  Client are, by definition, looking for expert help
to advise them on financial issues.  Therefore they are unable to make
their own evaluation of the impact of any conflict, even if they are

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. Herbert Shanzer