Subject: File No. S7-25-99
From: Dennis P DAmore, CFP
Affiliation: DAmore Associates, an advisory branch of American Express Financial Advisors Inc.

August 24, 2004

Dont we already suffer from, and have too many DOUBLE STANDARDS governing ethical behavior and self interest/prejudicial interest? Please WITHDRAW the proposed new rule, and simply re-examine the continuing validity and enforceability of the existing rule. Thank you.