Subject: File No. S7-25-99
From: charles r brock
Affiliation: Investor

August 25, 2004

-I respectfully request that you with draw the proposed rule changes, for the following reasons.

- Stock brokers will not be held to the same rules of conduct as Registered Investment Advisers.

- Proposed rule permits stock brokerage firms to avoid Disclosure of Conflicts of Interest.

Thank You.