August 24, 2004
I urge you to withdraw the rule proposing broker/dealers from being required to register as investor advisors. I am currently a Fee-Only Advisor and RIA previously I was a Registered Principle with SunAmerica Securities with a 10 person branch office. I can assure you that we all gave investment advice as registered representatives. Broker/Dealers should NOT be exempt from registration.
Thank you for your consideration
Leslie R. Merrithew, CFP, EA