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

Jun. 21, 2018

Jun 21, 2018

Securities and Exchange Commission

To the and Exchange Commission,

This loophole to me is no better than legalized fraud. This would allow
and keep the status quo that people, the likes of Bernie Madoff  can
keep ripping off the ones that work hard for their money. The hard
working class that has made America great are the ones that the stock
investors are taking advantage of, building their wealth on the hard
work and savings of others. We (the hard working people) are the ones
trying to make this country a better and stronger one to live in when
we invest in small business or global companies. If we did not save our
money, we would not have any to give the stock investors to put into
the small business or global companies and they would not have any
thing to invest for us in order to make their commissions (pay check).
We deserve honesty and integrity in the information (advice) we are
given to place OUR savings into in order to help build this country and

Too many people are trying to rip off the working class, our own Wall
Street does not need to become one that is also doing this with
mis-information, hidden fees, and no accountability in what they do or
suggest to other investors.

Perhaps if everyone worked under the concept of "if you make money
then so do I" then everyone wins. Work more honestly not trying to
find ways to work around the system and be crooked.

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.


Ms. Carolyn Selby