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

Jun. 23, 2018

Jun 23, 2018

Securities and Exchange Commission

To the and Exchange Commission,

Financial Advisers should be held to standards similar to personal
physicians--doctors are required by law to disclose clearly any
financial interest they hold in medical services they may prescribe;
i.e. an orthopedist recommending a particular physical therapy
organization in which they are a financial partner.  Financial Advisers
should be required to disclose the fees they receive, and should be
required to make decisions based on their clients' best interest, not
on the basis of these fees.  Disclosures should be in clear english,
not complicated legalese, and especially for older clients, should be
printed in an easy-to-read format.  Anything less than these
protections is expecting them to be financial experts themselves,
whicfh is ridiculous.  That's why they are dealing with an Adviser in
the first place; they aren't experts!

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. Virginia Baker