September 2, 2004
I urge you to withdraw the Proposed Rule of November 4, 1999. To exempt stockbrokers from the registration requirements would be to acknowledge that Wall Street firms have done a credible job looking out for the best interests of their clients. The sheer volume of litigation against these firms should disabuse us of that notion. In fact, the general public has been continuously abused by Wall Street and mutual fund companies over the last decades.