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

Jun. 22, 2018

Jun 21, 2018

Securities and Exchange Commission

To the and Exchange Commission,

Financial advisors should not be able to run commission scams on older
people that do not benefit senior citizens and should have to disclose
their commissions. It is frustrating that "big business is being
allowed to take advantage of vulnerable people by the American
Congress.

Close this loophole and ensure a higher standard than the currently
proposed rule. Hold anyone who gives financial advice genuinely
accountable for helping everyday Americans choose the best investments
for us, our families, and our future. We don't need or want a standard
that just makes our brokers and bankers richer.

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. Steve McKenna