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

Jun. 22, 2018

Jun 22, 2018

Securities and Exchange Commission

To the and Exchange Commission,

Allowing financial advisors to deceive investors out of their money is
akin to allowing scammers to operate without consequences.  It's
obvious that the scammer's actions aren't allowed so why do we tolerate
bad financial advisors?
Why do the laws make such deception legal in certain cases where the
same actions elsewhere would be illegal.

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. Michael Elder