From: Randy L Albertson [rlacpa@duplinnet.com]
Sent: Monday, June 24, 2002 2:13 PM
To: rule-comments@sec.gov
Subject: File No. S7-25-99

Dear Sir/Madam:

I am writing to express my disagreement with the proposed SEC rule, "Certain
Broker-Dealers Deemed Not To Be Investment Advisors."  There are many
Broker-Dealers supposedly offering comprehensive financial planning advice
to the public. At least the public believes this is what they are getting.
If someone holds themselves out to the public as a financial planner or
financial advisor, they should be subject to the same rules and regulations
as others who currently are subject to the Investment Advisors Act of 1940
or similar state laws.  In this time of investor uncertainty, rules should
be applied uniformly to protect the public's interest.

Thank you for your consideration,

Randy L. Albertson
PO Box 1200, 120 East Main St.
Beulaville, NC 28518
(910) 298-4856, Fax (910) 298-4520