Subject: File No. S7-25-99
From: Carolyn Cash, CFP

August 23, 2004

Dear Sir:

I urge you to reconsider the proposed rule to exempt Broker Dealers from the rules of the 1940 Investment Advisors Act.
By creating two different standards of conduct for persons offering financial services, the current problems in our business will only become worse.

As a 20 year veteran of the industry, I have seen, and continue to see a wide number of less than honest brokers calling themselves Financial planners, with little regard to anything other than the commission.

Withdraw this amendment

Carolyn Cash CFP