Subject: File No. S7-25-99
From: David P. Robinson, CFP, AAMS
Affiliation: Financial Planning Assn and Estate Planning Council of Central Tx

August 23, 2004

As a financial planner, I am humbly asking you to WITHDRAW, not amend, the proposed SEC Broker-Dealer Rule exemption. I believe the rule is harmful to consumers by creating two different standards of conduct for persons offering financial planning services: a higher fiduciary standard for registered investment advisers and a lower one under NASD suitability rules. The rule also exempts, in effect, brokers from being required to disclose conflicts of interest in connection with the offer of financial planning services. All we ask for is a level playing field for anyone holding themselves out to the public as a financial planner.

Respectfully submitted,

David P. Robinson, CFP, AAMS