From: Toby Tobleman [ttobleman@ruddwisdom.com]
Sent: Monday, June 24, 2002 12:55 PM
To: rule-comments@sec.gov
Subject: File No. S7-25-99

Dear Sir or Madam: I write to express my strong view that the 
above referenced Proposed Rule should be withdrawn. I believe it is 
clearly in the interest of the general public that all individuals 
providing financial advice be subject to consistent investment 
adviser registration requirements. It would be inappropriate for 
broker-dealers who provide financial adviser services beyond the 
execution of securities transactions to have lessor standards than 
other professionals. Thank you for your consideration of my 
comment. Ronald Tobleman, F.S.A., CFP
Toby Tobleman
Rudd and Wisdom, Inc.
Phone: (512) 346-1590
Fax: (512) 345-7437