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

Jul. 02, 2018

Jul 2, 2018

Securities and Exchange Commission

To the and Exchange Commission,

Americans work hard for a secure retirement. They trust these
professionals to give them sound advice, not to gouge them with hidden
fees. Also, annuities need to be better explained and regulated. They
are the worst solution and are riddled  with hidden fees. Many
unsuspecting people do not realize they cannot liquidate them without
losing a lot of money. To me, they are only to be used as an
inheritance for the beneficiary.

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.


Ms. Cheryl Piette