From: Edward Kissinger [ned_k@kissingernet.com]
Sent: Wednesday, June 26, 2002 12:34 PM
To: rule-comments@sec.gov
Subject: File No. S7-25-99

Dear the SEC:

As a Financial Planner and active member of the Financial Planning
Association, I would ask that you withdraw the SEC rule, "Certain
Broker-Dealers Deemed Not To Be Investment Advisers".  Those who hold
themselves out to the public as financial advisers should all be held to the
same standard.  I urge you to reconsider and withdraw the Proposed Rule.


Thank you,



Edward W.H. Kissinger (Ned)
 Vice President
 Registered Representative

Kissinger Financial Services, Inc.
10155 York Road, Suite 105
Hunt Valley, MD 21030
(410) 252-3400
(800) 653-3414
(410) 252-4036 (FAX)
www.kissingernet.com

Securities offered through Sanders Morris Harris Inc. a Registered
Broker/Dealer, Member NASD, SIPC.  Edward Kissinger is a registered
representative of Sanders Morris Harris Inc. which is affiliated with
Kissinger Financial Services, Inc..