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

Jun. 20, 2018

Jun 20, 2018

Securities and Exchange Commission

To the and Exchange Commission,

Hello SEC: I wonder how many times anyone at the SEC has lost money to
their financial advisors. Probably not many. However, the rest of
America likely has. And it's these folks you are there to protect. I
demand that you do your job and protect all Americans from advisors who
put themselves ahead of their customers, customers who came to them fro
"Trusted Advice".
I suppose advice can be good or bad but, with financial advisors, it is
implied and/or simply assumed by most people that their advice is good
For you to allow financial advisors to put their own interest first is
tantamount to legalizing fraud. Americans are taken advantage off far
too often and literally for millions of dollars. If you don't solve
Problem, then you are adding to the unjust enrichment of a very few st
the expense of the vast majority of people you are supposed to protect.
Indirectly, if not directly, you are just as bad as the crooks who
steal money from trusting and gullible Americans. Don't let this
continue. Fix it! Please fix it.

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. Charles Edge