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

Jun. 21, 2018

Jun 21, 2018

Securities and Exchange Commission

To the and Exchange Commission,

It is unconscionable for brokers to advise customers to make trades for
the purpose to primarily benefit the broker.  When money is being
traded, morals are left out of the equation.  Even good (broker) people
subconsciously make selfish decisions; please make them pause and
reconsider before advising on investments made for the brokers own

We should be able to trust our financial advisers to put our interests
first.  Close this loophole and ensure a higher standard than the
currently proposed rule. Hold anyone who gives financial advice
genuinely accountable for helping everyday Americans choose the best
investments for us, our families, and our future. We don't need or want
a standard that just makes our brokers and bankers richer.

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. Stuart Cohen