Subject: File No. S7-25-99
From: Mark F. Krivonak, CFP, ChFC, CLU
Affiliation: Financial Planning Assoc., Society of Financial Service Professionals, National Estate Planning Council, National Assoc. of Insurance and Financial Advisors

August 27, 2004

As a member of the FPA Financial Planning Association I concur with our collective stance of urging the SEC to WITHDRAW, not amend, the rule proposal. I believe 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.

I am dually registered and licensed under an RIA and a Series 24 securities representative. I have to fully disclose all of my potential conflicts of interest to current and prospective clients. I think this is correct way to conduct business, and I am fully opposed to anyone else who does not abide by the same rules. Oversight is a necessary function in our business to help protect the consuming public. It is high time we require anyone holding themselves out to be a professional advisor to adhere to higher standards.

Mark F. Krivonak, CFP, ChFC, CLU