September 2, 2004
I strongly believe that broker-dealers holding out as Investment Advisors SHOULD NOT be exempt from the Investment Advisers Act of 1940. If broker-dealers want to hold out as being like me they should be registered as I am.
Very truly yours,
Bernard M. Kiely, CPA, CFP
A NAPFA Registered Financial Advisor
Kiely Capital Management, Inc.
Morristown, NJ 07960
973 455-1894
http://www.kielycapital.com