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

Jun. 20, 2018

Jun 20, 2018

Securities and Exchange Commission

To the and Exchange Commission,

It is naive to think financial advisors will work in the best interest
of their clients unless those advisors are forced to do so. When
unregulated advisors make recommendations to clients they will almost
always make choices for those clients which put more dollars in the
pockets of the advisors.

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.

If the loophole stays open - the country club group (i.e. Trump and his
cronies) - will unscrupulously continue to profit at the expense of
profit making advisors.

I am a long time Republican and Military Veteran. Please close the

James R Perkins


Mr. James Perkins