From: David Jones [dtjones@hbeck.com]
Sent: Thursday, June 27, 2002 4:45 PM
To: rule-comments@sec.gov
Subject: File No S7-25-99

It is hard for me to imagine that you would consider allowing broker 
dealers to offer comprehensive financial planning advice without being 
subject to registration under the Investment Advisors Act of 1940.  It 
becomes harder in light of todays problems with accounting irregularities. 
Your repsonsibility is to protect consumers.  History will not treat you 
kindly if this approved I'm sure.  I am requesting that you do not 
approve this rule as a consumer and a licensed representative who does 
not want his reputation tarnished by the actions of the few people who 
will take advantage of this proposed rule.  Thank you for your consideration.