Subject: File No. S7-25-99
From: Sara Marshall

January 29, 2005

I'm an investor. I urge you to withdraw, not revise, the proposed rule that permits a double standard for brokers who work for broker dealers and registered investment advisers. If registered investment advisors have to act in their clint best interest, disclose their qualifications, disciplinery histories and conflict of interest, why do the brokers not have too. The public needs your protection and so do I.

Thank you,

Sara Marshall