Subject: File No. S7-25-99
From: Anne A Dunnburg, MA, GCFP
Affiliation: Financial Planning Association

August 23, 2004

Please withdraw the proposal that would lower the standards of excellence by exempting broker-dealers from RIA compliance. This is consumer-harmful because most of them are not highly educated on the issue. It is like saying that it is OK for a pharmaceutical rep can prescribe medication.