Subject: File No. S7-25-99
From: Anthony J Ogorek, Ed.D., CFP
Affiliation: Operating Manager, Ogorek Wealth Management, LLC

August 24, 2004

RE: Certain Broker-Dealers Deemed Not to be Investment Advisors as proposed on 11/4/99.

I believe that the public interest would be best served if broker-dealers who offer fee-based programs are required to comply with current registration requirements of the Advisers Act.

The public does not, and generally cannot, make a distinction between and investment advisor who is held to a fiduciary standard and a b/d practitioner who is not required to make similar levels of disclosure.

Similar standards should apply to anyone who holds themselves out to the public as a financial planner. Please do the right thing for the investing public.