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

Jun. 24, 2018

Jun 24, 2018

Securities and Exchange Commission

To the and Exchange Commission,

My mother is 89 years old. She has been bedridden for several years.
Thank goodness my father, who died in 1981, had left her investments
that have helped her stay in her own home. However, her financial
advisor kept wanting to shift her money into riskier investments. She
could have lost money that she needs for her care today. When the
market plunged in 2008, she was frightened. While market ups and downs
are part of the risk investors take, we should not have to risk our
financial advisors putting us in risky investments for their own

Close this loophole and ensure a higher standard than the currently
proposed rule. Hold anyone who gives financial advice genuinely
accountable for helping everyday Americans choose the best investments
for us, our families, and our future. We don't need or want a standard
that just makes our brokers and bankers richer.

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. Carol Rodgers