Subject: File No. S7-25-99
From: Andrew Millard
Affiliation: Main Street Financial Group, Inc.

September 7, 2004

Please withdraw your ill-advised "Merrill Lynch Rule." The SEC should be about the business of forcing fuller disclosure and greater transparency; this rule does just the opposite.

When brokerage representatives are allowed to masquerade as fiduciaries, to advertise the quality of their investment advice but not be held to the standards of investment advisors or fiduciaries by the appropriate regulatory bodies, then the potential for deception and misunderstanding greatly increases.

Please act in the best interest of consumers and hold all financial service providers to the same fiduciary standard.


Andrew Millard

Main Street Financial Group, Inc. Author of LOW-STRESS INVESTING
Andrew Millard
Investment Advisory Principal
22 North Trade Street
Tryon, NC 28782

tel: 828-859-9252
fax: 626-609-3333
mobile: 828-817-2999
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