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

Jul. 01, 2018

Jul 1, 2018

Securities and Exchange Commission

To the and Exchange Commission,

Close the loophole. It is not ethical for financial advisors or anyone
to take advantage of anyone especially seniors who have worked hard,
and are now on a limited income!!! Unfortunately, some seniors are
desperate living on a limited income, and have to make financial
decisions on eating well, housing, or spending money on medications.
Therefore, they may trust and listen to a financial adviser, and
because of fear that their money may run out will make a decision to
invest. The only person who makes out is the financial advisers.
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.


Cecilia Krippendorf