Subject: File No. S7-25-99
From: Scott E Bordelon, CFP
Affiliation: Financial Investment Management Advisors, Inc.

January 15, 2005

Dear Sirs: My firm is registered with the SEC as a Registered Investment Advisor and I am registered as well with an NASD broker/dealer. From my perspective, I think the potential for client misunderstanding in this area is enormous. Especially, when brokers are holding themselves out as Financail Consultants or Financial Advisors or offering financial Planning services. I beleive that the should be prohibited from this type of business activity unless the are registered as investment advisors and are subject to those rules and fiduciary standards.

I think this area requires a great deal of thought on your part in order to prevent any any abuse and to protect the interest of the general public.

Thanks for your listening to my view on this issue.


Scott E. Bordelon, CFP@, AAMS