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

Jun. 20, 2018

Jun 20, 2018

Securities and Exchange Commission

To the and Exchange Commission,

The SEC cannot be considering endorsing this kind of rule change - one
that makes it easier for the wolves of Wall Street to shear the sheep.
We know that given the opportunity, the profit motive will drive their
behavior. And the SEC thinks that's okay?

I've worked with most of the capital markets firms and have observed
their zest for maximizing profits and taking risks. That's okay, as
long as those of us who are placing our trust in them don't become
collateral damage.

Make a stronger rule that closes the loopholes that can damage our
financial well being.. Americans who've worked hard to save for
retirement deserve peace of mind about their financial security.

We are watching you and how you act on our behalf.


Mr. John Petronzi