Subject: File Number S7-07-18: Stop financial advisers from sapping Americans' retirement savings
From: Linda Chapman
Affiliation:

Jun. 20, 2018

Jun 20, 2018

Securities and Exchange Commission

To the and Exchange Commission,

Thankfully I no longer have to worry about how to invest.  If I were
younger, however, I would never invest in anything listed on
Wallstreet.  It is a scam intended to defraud as many people as
possible and funnel the money into the pockets of the extremely rich.
Poor to middle-class people don't stand a chance of succeeding.  Tying
retirement to the stock market guarantees that people will be
impoverished in their old age.  The fact that you make it easier for
the rich to defraud the rest of us is unconscionable.  On behalf of the
young people, I implore you to act to help level the playing field.

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.

Sincerely,

Ms. Linda Chapman