Subject: File No. S7-25-99
From: Steve Curtis

October 3, 2004

I am and individual investors writing to voice my strong opposition to your new rule allowing stockbrokers to charge a fee and market themselves as financial planners.

The SEC has done a commendable job in the wake of Enron with SOX, let's not take a step back. Clients should always come first, and all reps should be required to disclose all sources of compensation and any conflicts of interest.

Steve Curtis
13 Washington St.
Babylon, NY 11702