Subject: File No. S7-25-99
From: Lee H. Belaga

September 14, 2004

Please apply those regulations that are in place for our protection to all who hold themselves out as FINANCIAL PLANNERS. Obviously it was to the publics benefit to regulate and require specific education for such an important field. Don't renege on the good work done previously.

Lee H. Belaga
fax 410-484-7755