Subject: File No. S7-25-99
From: Armand D Vine, Ph. D.

August 24, 2004

How can some one who is trying to get you to buy a financial product not be a financial advisor. By urging you to buy his product he is in fact ADVISING you that it is a good investment.
This seems to be just a ruse on the part of the large investment banks to get back to doing what they have been doing all along. They get a commission for selling something so they ADVISE their other customers to buy it. This is done without regard to the welfare of the buyer, especially if it is an individual investor who cannot provide them with as much income as their corporate accounts.
This appears to be another sellout of the general taxpaying public to the special interests of big business.