Subject: File No. S7-25-99
From: John R Day, CPA/PFS

February 1, 2005

I believe that a broker that represents themselves to be a financial advisor, investment advisor, or financial planner should be required to be a registered investment advisor RIA under the securities law. An RIA has a fiduciary responsibility to the client. I do not believe its in the best public interest to allow brokers to give investment advise solely incidental to the brokerage service. Because of this, I believe the reproposed rule should be withdrawn.