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

Jun. 21, 2018

Jun 20, 2018

Securities and Exchange Commission

To the and Exchange Commission,

I expect the Federal Government to protect my financial interests as a
private citizen, over and above that of any financial investment
company. The money that a private citizen scrimps and saves for
investment, is the only thing that keeps investment companies afloat.
If the citizens lose money then there will be no money to invest with
these investment companies, and they will either decline financially or
fail as businesses. We private investors are what keeps them in
business. Therefore, there should be NO chicanery by them as regards
our money!

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. Ralph Billings