Subject: File No. S7-25-99
From: John Ruzza, CFP
Affiliation: Financial Planning Association

August 31, 2004

I urge you to strongly consider withdrawing the proposed SEC rule which would create a double standard of how consumers would perceive a registered investment adviser vs an NASD broker/dealer representative. This could also create a harmful situation as to what is disclosed to the consumer i.e. what is NOT disclosed.