From: PMcdon6224@aol.com Sent: Saturday, June 29, 2002 4:38 PM To: rule-comments@sec.gov Subject: Ref File No. S7-25-99 Dear Sirs, In the current financial environment with unfolding scandals every day, it seems unwise for the SEC to allow brokers to offer comprehensive financial advise without meeting the same qualifications, code of ethics and registration as IAs. Please reconsider the impact and content of the proposed rule upon public confidance. Thank you, Patrick J. McDonald, CFP