Subject: File No. S7-25-99
From: Greg F Young, CFP
Affiliation: Certified Financial Planner

August 23, 2004

Release Nos 34-42099, IA-1845 File S7-25-99

Please withdraw the controversial rule exempting broker-dealers from the Investment Advisers Act of 1940 when offering fee-based brokerage programs.

Rules of disclosure need to be consistant and in the best interest of the client, for everyone.