Subject: File No. S7-25-99
From: Brian W Albig, CFP
Affiliation: Owner, Albig Associates Investment Management

August 24, 2004

RE: Exemption of B/Ds from IAA 1940.

Dear Commission,

It is unconscionable to me that a regulatory body charged with the critically important responsibility that you have been given, would create a lower standard of conduct for a group of professionals B/Ds and RRs who are already ethically challenged. These are the same people who are pushing variable annuities with Guaranteed 7 returns over ten years.I cant understand where you are coming from anymore.

WITHDRAW the exemption of Broker/Dealers from IAA 1940.