August 30, 2004
I hereby requests the Securities and Exchange Commission SEC to withdraw File No. S7-25-99. I belive the rule is harmful to consumers by creating two different standards of conduct for persons offering financial planning services: a higher fiduciary standard for registered investment advisers and a lower one under NASD suitability rules. The rule also exempts the brokers from being required to disclose conflicts of interest in connection with the offer of financial planning services.