Subject: File No. S7-25-99
From: Kris Dwyer
Affiliation: Financial Advisor, Financial Network Corporation

September 7, 2004

I urge you to rescind the "Merrill Lynch Rule" in its entirety. If wirehouse brokers want to market themselves as "advisors", "counselors", or other fiduciary-sounding titles, they should be governed by the same rules as Registered Reps of non-wirehouse entities. After all the market scandals the last few years, it's even more scandalous to selectively apply rules and then expect the public to have any trust in the rule-makers or the ruled!

Thank you,

Kris Dwyer

Kris C. Dwyer
Financial Advisor
Financial Network Corporation
1100 Johnson Ferry Rd., Suite 420
Atlanta, GA 30342-1738
Phone: 404-843-3100
Fax: 404-250-9850

Securities through Financial Network Investment Corporation * Securities Broker/Dealer * SIPC
Financial Network Investment Corporation and Financial Network Corporation are not affiliated companies