Subject: File No. S7-25-99
From: STEVEN H RICHMAN, PhD

October 18, 2004

I am asking you to rescind the rule so that everyone who offers financial advice be regulated the same way, with all the consumer protection that entails. I am an electrical engineer, practicing for over 37 years and am a financial consumer. I cant believe that that the SEC would exempt regulation and registration of someone advising me.