Subject: File No. S7-25-99
From: Joseph P Williams , jr
Affiliation: President, Williams Financial Consultants

August 24, 2004

-My recommendation is to withdraw the proposed rule as it sets two standards one for advisors and the other for NASD suitablilty.This rule exempts brokers from disclosure of conflict of interest. All advisors and all companies providing advise or service should have the same rules and standards is my recommendations. There should not be exemptions.