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

June 15, 2018

Securities and Exchange Commission

To the and Exchange Commission,

Too often hard working Americans fall victim to fast and smooth talking sales people who claim to want to help them reach their financial goals, while all the time pushing expensive products or investments which maximize their commissions instead of providing optimal solutions for meeting their clients goals.

With Social Security facing imminent shortfalls, many are wondering if they will be able to maintain their lifestyle and cover future medical expenses in their golden years.  Without federally imposed regulations on the investment community, some financial advisors, institutions and sales representatives wille play on those fears to push inapproapproiate investments

I'm counting on you to make a stronger rule that closes the current loophole which allows exploxtation of investors. Americans who've worked hard to save for retirement deserve peace of mind about their financial security.  All who sell investments vehecles should have a fiduciary responsibility to look out for the best interest of their clients.


Mr. Ronald Davis