Subject: File No. S7-25-99
From: David Lam, CFP
Affiliation: Financial Planner Association

August 23, 2004

I would like to see you commission WITHDRAW, not amend, the rule proposal. I believes 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.