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

Jun. 20, 2018

Jun 20, 2018

Securities and Exchange Commission

To the and Exchange Commission,

The Trump Administration decided to repeal the fiduciary rules
initiated by Obama that required financial advice and sales be for the
benefit of the customer as compared to the snake oil sales person with
their questionable products.  The solution is very simple, switch back
to the previous rules and require financial advisors to be required to
have fiduciary responsibility  Make fiduciary responsibility a legal
requirement and severly prosecute those who rip off the elderly.


Mr. james sabat