From: Kathy Longo [kathy@accredited.com]
Sent: Tuesday, June 25, 2002 11:19 AM
To: rule-comments@sec.gov
Subject: Re: File S7-25-99

To Whom It May Concern,

I am writing to express my opposition to the Securities and Exchange
Commission's proposed rule to the Investment Advisers Act of 1940 that
permits certain brokers-dealer activity from an exemption from registration.
The industry needs certain standards to be upheld and all advisors to be
upheld to similar standards.  This is in the best interest of the consumers
and general public.  There should not be an exemption for certain
broker-dealers.  I urge you to withdraw this Proposed Rule.


Sincerely,

Kathy Longo, Principal
Accredited Investors, Inc
7701 France Avenue South, Suite 105
Edina, Minnesota 55435
952-841-2222 (W) 952-841-2223 (F)