Subject: File No. S7-25-99
From: Gregory A Syrios

January 14, 2005

I believe that if the clients interests are put above everything else then the temporary rule should be continued. The brokerage industry in a sense has greatly improved its service by taking a planning approach as opposed to a product approach. No one can dispute that it is a good thing for clients and the profession itself. Independent Financial Planners and FPA are feeling their careers are feeling stiffer competition so they are aggresively trying to have this role reversed. As long as the temporary rule is better for the client and general investors out there, the rule should continue.