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

May 31, 2018

Securities and Exchange Commission

To the and Exchange Commission,

Financial professionals in other areas (insurance, accounting, and so
on) are required by law to put their clients' interests before their
own, and can lose their licenses if they violate that trust. Securities
brokers should have the same requirement, and to resist it is
conclusive proof of corruption. Only a dishonest person would object to
a requirement for honesty.

The SEC must take the lead in imposing this requirement. Congress
understands little about the securities business and is quite incapable
of producing meaningful and enforceable regulation.


Mr. Fred Granlund