From: Ron Pearson [rpearson@infi.net]
Sent: Sunday, June 23, 2002 12:28 PM
To: rule-comments@sec.gov
Subject: File No. S7-25-99

To Whom It May Concern,
 
    I most strongly object to allowing Broker-Dealers to provide comprehensive 
financial planning advice without having to register under the Investment Advisors 
Act of 1940 and/or state laws.  The public interest is best served when the public 
has access to all the information that must be disclosed.  There should not be two 
classes of people providing comprehensive financial planning information, those who 
must disclose, and those (according to your proposed rule) who do not.
 
    Recent events in the corporate world have sufficiently proven that more disclosure 
is better for everyone, not less!  Please withdraw your proposed rule, and reconsider 
who is best served here!

Best regards,

Ron Pearson, CFP
Beach Financial Advisory Service
6204 Ocean Front Ave.
Virginia Beach, VA 23451
757-428-6634