Subject: S7-25-99 and S7-10-00 Date: 05/02/2000 5:59 PM Mr. Jonathan Katz, Secretary SEC Washington, DC Dear Mr. Katz As a fee-based financial planner, I am concerned about the 2 proposed rule changes noted above. Allow me to make the brief as I know the long letters you have been receiving. I have been a financial planner (CFP designee) and associate RIA for 10 years and work with clients in a variety of ways and am compensated in avriety of ways. I urge you and your committee/commission to promote honesty, openness, and fairness for the benefit of the investing public. There are people who want brokerage eemployees to help them, other people want to do it themselves, and others who want guidance from independent financial planners and investment advisors. So, let everyone who wants to give advice to clients provide the SAME LEVEL of disclosure and have that disclosure be comprehensive. I am not afraid of that, I welcome it. Let the marketplace determine the best model for different people. Let's not have full disclosure for some financial services peoples and "half" disclosure for others. Sincerely yours, Judy Goldman, CFP 3164 Putnam Blvd. Walnut Creek, CA 94596