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

Jun. 21, 2018

Jun 21, 2018

Securities and Exchange Commission

To the and Exchange Commission,

A loophole that allows a financial adviser to dupe clients out of their
money is clearly not in the best interest of the American people. It is
exactly like allowing doctors to knowingly perform unnecessary
procedures just to make money.

The open season on the American consumer and taxpayer has to come to an
end. How can I be expected to support representatives who pass
legislation that is not in the best interest of those they are supposed
to represent, and is instead in the best interest of those who fund
their campaigns? As I've said before, after a lifetime of voting
Republican I am seriously considering switching sides.

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. Matthew Barr