From: Allen Slominski [slominski@earthlink.net]
Sent: Sunday, June 13, 2004 5:28 PM
To: rule-comments@sec.gov
Subject: IC-26356; File No. S7-09-04

Dear Ladies, Sirs,

I am an independent advisor and of course have been aware of the recent regulatory 
problems in my industry.  When we look back at the history of this industry, we 
find many of the same type of occurrances around most of the bull markets of the 
past.  I believe, as a whole, that people are generally honest and do the right 
thing.  Some do not.  In this vein I would request that the regulators punish 
those that broke the rules.  

The 12b-1 rule is proper and serves a need in our industry.  I will not bore you 
with what others have so eloquently stated before.  It is clear that the attempt 
to kill the 12b-1 is an attempt to lynch all brokers for the sins of a few and to 
appease the publics thirst for revenge in retaliation for loss of funds due to a 
bear market.  This is not fair nor proper.  The market goes up and the market goes 
down.  If every broker had his way, the market would never go down, nor do we try 
to insure that it does.   

I trust the outcome to the Commissions good judgment and fair demeanor.


Sincerely,

Allen R Slominski
Financial Advisor
Fidelity Financial Group
Cell:  281-814-1879
Office:  832-775-0040
Fax:  281-776-9239