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

Jun. 21, 2018

Jun 21, 2018

Securities and Exchange Commission

To the and Exchange Commission,


I find it abhorant that you allow people paid to give financial advice
to recommend a financial plan that is contrary to the best interests of
their client.  Even worse, the plan can be designed to enrich the
people paid for advice whiteout regard for the client's needs.  In my
opinion this practice is theft and should be prosecuted as such.

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. David Drain