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

Jun. 21, 2018

Jun 21, 2018

Securities and Exchange Commission

To the and Exchange Commission,

Professional financial advisers should not enrich themselves at the
expense of their clients. It may seem like a great way for them to
acquire wealth, but it's unethical and immoral -- and it should be
criminal. Certainly the SEC must do its part as a publicly funded
regulatory institution to maintain honesty and integrity in the
financial services sector.

I'm counting on you to make a stronger rule that closes the loophole
financial advisers can use to put their own interests ahead of those of
their clients. Americans who've worked hard to save for retirement
deserve peace of mind about their financial security.


Mr. David Melendy