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

Jun. 23, 2018

Jun 23, 2018

Securities and Exchange Commission

To the and Exchange Commission,

I'm counting on you to make a stronger rule that closes the loophole.
Americans who've worked very arduously hard for the American dream to
save for retirement deserve peace of mind about their financial
security. I've already been burned over night losing thousands of
dollars which somebody else got. Without SSI I be in a whale of hurt
for retirement safety net. Wall Street has failed my family more than
once. It hurts ! Never recoup what we lost which we could of continued
to build on vs. market swings living on rumors and not facts . There is
no way one can watch the markets every minute of the day. This
"ism" known as Capitalism sadly has failed millions. Sad but
yet quite true and win or lose the broker still comes out smiling like
a used car salesman.


Mr. Stephen Karnes