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

Jun. 22, 2018

Jun 22, 2018

Securities and Exchange Commission

To the and Exchange Commission,

Wall Street and many businesses, and banks have proven again and again
they can't be trusted.  Don't forget how recently Wall Street practices
caused people to lose their homes, jobs, and life savings because of
WALL STREET GREED!  Do you remember WELLS FARGO?  BERNIE MADOFF?
SUBPRIME MORTGAGES?  I DO!  Don'T allow them ANY LOOPHOLE.  Too many
people are affected in the cruelest of ways.  THEY MUST BE HELD
accountable preferably with mandatory reimbursement to their victims in
addition to jail.

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,

Ms. Lela Smith