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

Jun. 21, 2018

Jun 21, 2018

Securities and Exchange Commission

To the and Exchange Commission,

It's bad enough that the internet contains so many scams, that swindle
our money.  I have personally lost hundreds on scams that are
technically legal, that the banks say they cannot block.

That our government would take this approach is criminal.  Stand up for
the rights of the common man, the senior that needs all the money they
can save.

We should be able to trust our financial advisers to put our interests
first. But loopholes in the current law make it easy for many advisers
to take advantage of hard-working Americans and line their own pockets
with our retirement savings.

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.

Thank you for your time,
Michael Papuga


Mr. Michael Papuga