Subject: File No. S7-25-99
From: Grace M. Worley, CFP
Affiliation: Worley Financial Group, Inc.

August 23, 2004

I urge you to WITHDRAW, not amend, the rule proposal exempting broker-dealers from the Investment Advisers Act of 1940 when offering fee-based brokerage programs. As a small business person why should I be subject to the cost and time of complying with this law while large broker-dealers and their employees are exempted? To the consumer there is no difference in the services, expectations and accountibility. The rules should be the same for all who offer investment advisory and financial planning services to the public.