Subject: File No. S7-25-99
From: Joel S Greenwald, M.D.
Affiliation: Certified Financial Planner, Financial Network Investment Corp.

September 16, 2004

As a CFP and member of the FPA I have followed the debate about the Merrill Rule. I believe its important for clients to be able to hold advisors at wirehouses to the same sort of fiduciary standard the Certified Financial Planners hold ourselves to. There is enough abuse without opening this loophole for brokers.

Joel Greenwald, MD CFP