Subject: File No. S7-25-99
From: David Yossem, C.F.P., ChFC, CLU
Affiliation: President, West Coast Financial

September 14, 2004

I believe that the SEC should withdraw its rule exempting broker-dealers from the Investment Advisers Act of 1940 when offering fee-based brokerage programs. This rule allows brokers to continue to decieve investors into thinking that they are advisers instead of product salespersons.