Subject: File No. S7-25-99
From: Dave Lederhos

September 14, 2004

As an investor, I'm asking you to please reconsider this ruling. Many of the folks presenting themselves as "financial advisors" these days are nothing more than glorified car salesmen. Requiring the CFP would help the general public not get duped into thinking (and paying for!) suspect financial advice when they think they're receiving sound advice. What's more important than the general public's financial well-being and security?

Please rescind this rule. Feel free ton contact me regarding this issue.

Dave Lederhos