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

Jun. 20, 2018

Jun 20, 2018

Securities and Exchange Commission

To the and Exchange Commission,

I am a retired woman who is a cautious conservative investor.  I
learned an important lesson when I first started investing in my 30's.
The lesson was don't ever trust a stockbroker. The only advice he'll
have is how much money he'll be able to make in fees with your money.
Don't listen when he says he has a sure thing.  And from the words of
my late father don't invest in anything you don't understand.  I
learned my lesson when a dean witter broker charmed my account by
selling a bond strip fund without my knowledge.  I made nothing and he
obviously was a crook.  This was over 30 years ago. This Dean Witter
Broker was supposedly a friend.  The law was on his side and still is.
I never opened a brokerage account again and never will. I manage my
money and so far I've done well.  Under trump and other politicians and
wall street greedy cheaters, the stock market has become a rich man's
game with things like day traders, short sellers and the like. Our
elected officials and the top 1% have created a lock on the stock
market and insider trading and scams are everyday occurrences .  Our
gov't looks the other way.  I'm sad to say with the people in office
now and the company lobbyists, ordinary people will be lucky to keep a
roof over their heads. Trumps tax cut was the biggest scam ever and he
seems to love taking from the retirees.   The man is a cheat and a
liar.  The damage he and the Republicans have already done is a
travesty to the American dream.  The loopholes are huge and the laws
Obama tried to put in place were weak.  My advice,  stay informed and
wait it out and vote these sick greedy people out of office.


Ms. Jane Dershewitz