Subject: File No. S7-25-99
From: Bruce D Vaughn, CFP
Affiliation: Branch Manager, Financial Network Investment Corporation

August 24, 2004

The goal should be that all investment advisors who hold themselves out as Registered Investment Advisors should have passed the same tests and have the same continuing education requirements so that consumers are not burdened with having to understand the differences amoung a multitude of designations.
Anything less will lead to higher consumer confusion and ultimately higher consumer fraud.