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

Jul. 09, 2018

Jul 9, 2018

Securities and Exchange Commission

To the and Exchange Commission,

One word - fiduciary.  It is simple, clear, unambiguous, and legally
enforceable, and needs to be in the a part of this new rule, you are
Many years ago we were "burned", one might say taken in, by a
financial advisor, and lost several thousands of dollars . . . until we
realized what was going on.
So many of our peers, over 65 (like myself), are being taken in by
unscrupulous insurance agents, and the like.  I know this because when
I talk to them about investing.  They "believe" that they are
getting honest advice, and not many of them ask some basic questions .
. . how are you getting paid and are you looking out for you or for me,
when suggesting what investments to buy.

John Andruszkiewicz