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

Jun. 23, 2018

Jun 23, 2018

Securities and Exchange Commission

To the and Exchange Commission,

Financial advisors should have a fiduciary responsibility to their
clients. We have all heard stories about churning so brokers can make
profit on trades with little regard to the customer's best interest;
this is no different. Advisors should be held to a standard where they
produce no harm to their clients.

Again, we have all seen what happens when banks are allowed to do what
they wish; make bad loans and then demand that hard-earned,
American-taxpayer dollars be used to bail them out from poor decisions.
Little to no oversight has shown greed produces irresponsibility. I've
worked hard to save money and act like a responsible adult, and should
not be victimized by bad advice and hidden costs.

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.


Mrs. Rhea Angle