From: Bobbie Munroe [bdmunroe@fraserfin.com]
Sent: Monday, June 24, 2002 2:42 PM
To: rule-comments@sec.gov
Subject: File No S7-25-99


To Whom it May Concern:

I want to be "on record" as supporting the FPA's OPPOSITION to the SEC's
rule exempting certain broker-dealer activity from the Investment Advisers
Act of 1940.  It has become obvious that this "exemption" is being broadly
interpreted by some broker dealers and unqualified persons are offering
advice on a variety of financial topics on which they are essentially
unqualified / uncertified.  In light of recent financial scandals, I am
certain it would be in the SEC's interest, indeed in the United States'
interest, to protect the consumer from unqualified advisors.  It is my hope
that you will review this situation in great detail and hopefully decide
that this rule exemption is NOT in the best interest of consumers of
financial services.

Sincerely,
Bobbie Munroe

_______________________
Bobbie D. Munroe, CFP
Fraser Financial
1873 Volberg St NW
Atlanta, GA  30318
Phone 404-351-6976
Fax 404-355-0157
bdmunroe@fraserfin.com

"The future belongs to those who believe in the beauty of their dreams."
Eleanor Roosevelt