Subject: Opposition to SEC Release Nos. 34-42099; IA - 1845 Certain B

Date:    06/02/2000 5:26 PM
     
     
     
Honorable Arthur Levitt Jr.
Chairman
Securities & Exchange Commission
550 Fifth Street, N.W.
Washington, D.C.
     
     
Dear Honorable Levitt:
     
I am writing in opposition to SEC release Nos. 34-42099: IA-1845, "Certain 
Broker Dealers Deemed Not To Be Investment Advisers".
     
I am supportive of the comments submitted by Mr. Duane Thompson, Director of 
Governmental Relations for the Financial Planning Association.  It is my 
position that this rule if passed would further confuse an already confused 
consumer.  I further believe this rule would undermine the true intent of 
the Investment Advisers Act of 1940 of protecting the public interest.
     
As a Certified Financial Planner professional, I am appreciative of the 
efforts the SEC has taken to protect the consumer and it's guidance to the 
professionals who serve them.
     
     
Respectfully,
     
     
Louis Morizio, CFP