Subject: File No. S7-25-99
From: Lauri A Christiansen, MBA
Affiliation: Manager of Product Information Services

September 7, 2004

Please withdraw your proposal to exempt broker dealers from the requirements set forth in the Securities Act of 1940.

For to do so would mislead the public in terms of disclosing the full conflict of interest that exists within such such an undisclosed relationship. It represents a form of false advertising that should not be allowed to exist.

Lauri Christiansen