Subject: File No. S7-08-18
From: matthew G Ely, III
Affiliation: none. retired physician

April 21, 2018

I sincerely hope you will not dilute the proposal that:
"advisors" must act in a fiduciary manner.

The "brokers" can do so by fully disclosing their conflict of interest in a written format and signed by the invester indicating full knowledge. The financial impact/value or risk of their advice on THEM ( broker ) .

Good luck. Beware a run-away financial industry. We have been there before. The public were never made whole after the banking shenanigans, fraud, and cheating The public, and all of us,businesses, corporations, etc, deserve better oversight of these powerful institutions, and their functionaries.

Thank you for asking, I will be following this with great interest.

Matthew Ely III MD