Subject: File No. S7-25-99
From: Anthony P. Eastmond, MBA
Affiliation: Certified Financial Planner TM

August 23, 2004

Please recind this proposal.
1. This would endorse an unlevel playing field
2. It would send a misleading message to the consumer that the exempt persons/organizations dont need oversight
3. History suggests that the proposed exempt organizations do, indeed, need close scrutiny
4. It would reduce oversight for people who may be the least experienced.