From: Grace Worley [grace@worleyfinancialgroup.com]
Sent: Monday, July 15, 2002 11:15 AM
To: rule-comments@sec.gov
Subject: File No. S7-25-99


I am writing in opposition to this proposed rule that would allow broker-dealers to offer
comprehensive financial planning advice without being subject to registration under the IAA of
1940 or similar state laws, and those disclosure and fiduciary rules.

The public cannot discern a difference between financial planning from broker-dealer reps versus
independent planners if both hold themselves out as providing those services.  Therefore all
parties should be subject to the same regulatory rules with uniform benefit to the public.

To differentiate the rules by "business type" will not serve the public interest and places an
unfair burden of compliance on just a portion of the service providers.

- Grace Worley, CFP, 7/15/02, 3500 DePauw Blvd, #1035, Indianapolis, IN 46268