From: Jeff Chinery [jeff.chinery@ronblue.com] Sent: Friday, July 05, 2002 11:46 AM To: 'rule-comments@sec.gov' Subject: File No. S7-25-99 To Whom It May Concern, In reference to the above proposed SEC rule, I would like to offer the comment that this rule would potentially create a situation where you would have instances of misrepresentation and fraud as individuals employed by those broker-dealers exempt from the Investment Advisors Act of 1940 look to profit without being held accountable to any common fiduciary standards. Given the recent rash of apparent and alleged fraud and deceit within the financial community I believe it is more important than ever that laws, regulations and rules enacted by our Government deliver to consumers and the general public and high level of confidence because of their fairness and accountability. There is no consumer or public benefit to this rule. The only ones who stand to gain are those who would hope to avoid the accountability that the Investment Advisors Act of 1940 brings to our industry. ______________________________ Ronald Blue & Co., LLC Financial, Estate, Tax & Investment Counsel Jeffrey D. Chinery, CFP(tm) Director, National Planning Group 2100 RiverEdge Parkway, Suite 1150, Atlanta, GA 30328 Tel (770) 308-2752 Fax (770) 644-9907 Toll free (800) 987-2987 x2752 jeff.chinery@ronblue.com www.ronblue.com ______________________________________