From: R. Richard Sherbahn [rrs@epix.net]
Sent: Tuesday, June 25, 2002 11:56 AM
To: rule-comments@sec.gov
Subject: File No.S7-25-99

Gentlemen:
 
I have been in the estate and financial planning profession for 40 years, 
earning three different professional designations.  The financial planning 
PROFESSION, and public it serves, will be done a great injustice if you approve 
the proposed rule, "Certain Broker-Dealers Deemed Not To Be Investment Advisers", 
which would permit broker-dealers to offer "comprehensive" financial planning 
advice WITHOUT being subject to registration under the Investment Advisers Act 
of 1940, or state laws, with their various disclosure and fiduciary standards.
 
The public deserves to receive vital financial planning advice by professionals 
acting in a fiduciary capacity, disclosing possible conflicts of interest, etc.  
By passing this proposed rule you would be opeing the door to massive "unprofessional" 
financial planning advice marketed by all kinds of security salespeople.  I urge 
you to withdraw the proposed rule.
 
R. Richard Sherbahn CLU, ChFC, CFP
2173 Embassy Drive
Lancaster, PA 17603
Voice: 717-431-3123 Fax: 717-431-2014

*Securities Offered Through
FSC SECURITIES CORPORATION
Member NASD & SIPC