Subject: File No. S7-25-99
From: Paul E. Moyer, CFP

January 17, 2005

I am writing to urge complete withdrawal not revision of the proposed rule. My experience involves many incidences of clients coming to me to clean up inappropriate planning that was done by a broker representing himself to be a financial planner. The ploy was to obviously transfer funds to the broker and place investments that not only were inappropriate but difficult to unwind. I am required to disclose everything in the ADV part II including fees and services.

The consumer walks through a mine field trying to find competent financial planners and many times walks away with less than they had in the first place. Lets give them tools they can rely on.