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

Jun. 20, 2018

Jun 20, 2018

Securities and Exchange Commission

To the and Exchange Commission,

I had 33k in my 401k and my broker managed to lose it all even though
the Stock market was going up. I was supposed to be in mid cap stocks
that were middle of the road. Not aggressive and not conservative.
Turns out none of that was true. He didn't answer my phone calls. They
moved their office and I wasn't informed. His firm was.fined by the SEC
1 mil+ and I wasn't part of the settlement, they missed me somehow.
There are a lot of crooks in the securities business taking advantage
of people and nobody does anything about it. These people need to be
held responsible for their crimes.

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. Bob Mosner