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

Jun. 20, 2018

Jun 20, 2018

Securities and Exchange Commission

To the and Exchange Commission,

To Whom it may Concern,

Wall Street seems to have gone astray from why people ordinarily
invested in equities- on the strength of companies. It seems to be more
like legalized gambling with all of the on-line trading. There seems to
be lack of regulation especially on the individuals or groups with
large accounts which seem to control the value in the market. Corporate
balance sheets seem to mean less and less with high activity driving
up/down the value of stocks.Rooting out these ruthless money- makers
and returning the stock market to realizing value of profitable
companies should become part of the agenda of market overseers such as
the SEC.

Mark Farago


Mr. Mark Farago