Subject: File No. S7-25-99
From: MIchael Borowski, CPA,CFP
Affiliation: FPA, NJSCPA, AICPA

September 2, 2004

I am requesting that the SEC withdraw this rule proposal. With all that has happened over the last several years, we should insist that all financial professionals follow the highest fiduciary standards and not different levels for different groups. The investing public deserves better