Date:    05/08/2000  2:52 PM

Subject: Re: SEC Proposed Rule Excepting Certain Broker-Dealers from 

The undersigned hereby opposes this proposed rule - the protection for 
clients or customers will be weakened by this rule.
     
I have some clients who transferred their holdings to my management due 
to the fact of their frustrations from such certain  brokers-dealers on 
many things.
     
Again, please oppose this proposed rule.  Thank you in advance.
     
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$ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ 
Louis J. Schwarz, CFP, RFC                        
Schwarz Financial Concepts                         
814 Thayer Avenue, Suite 301          
Silver Spring, Maryland 20910-4500