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

Jun. 20, 2018

Jun 20, 2018

Securities and Exchange Commission

To the and Exchange Commission,

The Securities and Exchange Commission was created to prevent crooks
from abusing the free market for equities and other financial
instruments.  The current administration seems intent on pushing back
those protections by gutting the CPFB and allowing charlatans who
represent themselves as advisers to investors that they are acting in
the investors best interests, when they are only acting in their own
self interest.  If they are allowed to do this then the motto of the
country will be "Let the buyer beware".  At which point I
will advise all of my friends to only invest in government backed CD's
and no equity instruments as they could be cheated by supposed
advisers.  If you cannot protect the public, why do we need an SEC?

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.


Mr. pete Letourneau