From: John Ruzza [jruzza7@net-link.net]
Sent: Monday, July 15, 2002 12:29 PM
To: rule-comments@sec.gov
Subject: File No. S7-25-99


I strongly oppose the proposed SEC rule, "Certain Broker-Dealers Deemed Not To Be Investment
Advisers."   As an adviser who has gone through rigoroous testing standards, I find it incredulous
that the SEC would entertain this proposed rule.  The potential for abuses is significant.  Why
not hold an industry, looking out for the financial good of people, to the highest standards
possible, period.  Thank you for consideration of my comments.  John S Ruzza, CFP

Securities Offered Through
Mutual Service Corporation
Member NASD/SIPC