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

Jun. 21, 2018

Jun 21, 2018

Securities and Exchange Commission

To the and Exchange Commission,

Some of what we learned from the 2008 financial crisis was that
financial firms and advisers protected their wealthy investors from
"crap" investments but recommended them to labor unions and
small investors.  It should be illegal for financial advisers to
recommend investment in "crap" or any investment that they
don't believe will be profitable to any investor.

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. James Morgan