From: Ajrsite@aol.com Sent: Monday, June 24, 2002 12:58 PM To: rule-comments@sec.gov Subject: File No S7-25-99 As a proud member of the financial planning community and Financial Planning Association I am writing to express my disappointment with the proposed SEC rule concerning who is deemed to be an investment adviser. It does nothing but a disservice to the consumer to exempt large brokerage firms, like Merrill Lynch, from disseminating investment advice without being regulated as an investment adviser. It is bad enough that the consumer is inundated with fancy marketing from big brokerage houses that make them seem bigger than life. To allow them to run rampant and act like advisers without being regulated like the rest of us is ludicrous. I would bet that there are more violations of ethics and law as a percentage at those houses than in the independent financial planning community. I hope your organization sees fit to stop the madness. With our country's economy and financial markets in such a dismal position, consumers need to know whom to trust and why. Thank you for considering my comments. Anthony J. Rossetti, CFP (tm) Heritage Financial Services, LLC