Subject: File Number S7-07-18: Stop financial advisers from sapping Americans' retirement savings
From: Richard Badillo
Affiliation:

Jun. 20, 2018

Jun 20, 2018

Securities and Exchange Commission

To the and Exchange Commission,

It's a shame that Americans must be wary of getting financial advice
from financial consultants that practice predatory procedures. We the
elderly don't have enough time left to recover from being scammed.

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.

Sincerely,

Mr. Richard Badillo