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

Jun. 22, 2018

Jun 22, 2018

Securities and Exchange Commission

To the and Exchange Commission,

I am bewildered why rules that existed in the Dodd-Frank law protecting
consumers against unsavory financial advisers were removed. I realize
that this Congress believes giving away anything that helps average
Americans is in the better interest of the business community. However,
there has to be someone or some agency that still believes in
protecting citizens from predatory behavior.

Allowing financial advisers to enrich themselves at the expense of
their clients is unsavory, unethical and immoral. Rules need to to be
implemented to prevent this because apparently some of these advisers
can't control their terrible instincts and behavior. We need protection
from these predators and Congress apparently does not agree.

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.

Someone has to stop the madness!


Mr. Michael Mistretta