Subject: File No. S7-25-99
From: Richard W. Kagawa, CFP, CLU, ChFC

August 24, 2004

I cannot see how if you are giving investment advice, that it is not investment advice in the eyes of the SEC. Any one that is giving advice about investing should be accountable to someone. There are just too many unethical individuals today. The investing world should not be buyer beware.

The SEC should be making regulations that protect the public not taking the teeth out of existing rules.