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

Jun. 20, 2018

Jun 20, 2018

Securities and Exchange Commission

To the and Exchange Commission,

The banking industry in the US has taken advantage of those of us who
worry about whether we will outlive our investments.   Unscrupulous
advisers need to be regulated by laws that will impose serious
penalties on those who prey upon all hard-working citizens.  Please
protect our future by closing the loophole that allows for questionable
advisers to cheat the system for the benefit of their own avarice.

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. Howard Kelman