Subject: File No. S7-25-99
From: Scott Logan

September 7, 2004

I urge you to withdraw the rule that allows broker dealers and anyone else such as bankers/insurance agents, etc to position themselves as financial advisors/planners without fully disclosing the true nature of their services or expertise.

Rules like this serve to further confuse an already baffled consumer, and often results in harm to the average Joe.

Anyone who holds themselves out as an advisor to the well being of ones financial and personal future ought to be completely forthright regarding ANY potential conflict of interest.

Again, I urge you to withdraw this rule.