Subject: File No. S7-25-99
From: Dennis E. Nelson, CFP
Affiliation: President, DENCO Financial Group

August 23, 2004

The proposed Rule will only further confuse the investing public as to the qualifications, capabilities and governing of their advisors. Not only are the definitions and qualifications vague, enforcement activity and/or oversight of participating stockbrokers is nonexistent. For the sake of our industry, please reconsider this proposal and withdraw it.