Subject: File No. S7-25-99
From: Marc E Gitlitz, CFP
Affiliation: President, Integrated Concepts Inc

September 22, 2004

WITHDRAW THE PROPOSAL that would exempt broker-dealers from the IA Act of 1940 when offering fee-based programs.

It does not make sense to create two different standards of conduct. ANYONE holding themselves to be offering investment advice should have to hold themselves up to the scutiny of their professional peers as well as ethically and morally acting in the BEST INTEREST OF THEIR CLIENTS.

Given todays investment world and the corruption that runs amuck, to amend the proposal would cripple the honest individuals that make a living providing advice for a fee. Passing the proposal would allow non-qualified, commissioned brokers of stock to hold themselves out as serving their clients best interests when, in fact, that is rarely the case.

Stock brokers being known here as broker/dealers are not the same as Certified Financial Planners. PLEASE WITHDRAW THE PROPOSAL. Thank you.