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

Jun. 20, 2018

Jun 20, 2018

Securities and Exchange Commission

To the and Exchange Commission,

I have received bad investment advice in the past from financial
advisers who misrepresented the level of risk inherent in the products
they were pushing. A couple of these resulted in a total loss, but I
was working at that time and was able to recover from the loss over
time. As a retired seventy year old, I don't have the same level of
income that enabled me to absorb the loss from bad financial advice.

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.

Also, younger people who are still working need the same protections
against financial advisers who are not required to have the client's
best interest as their uppermost concern.


Mr. Larry Correia