August 23, 2004
PLEASE WITHDRAW THIS PROPOSED RULES. AS USUAL IT APPEARS THE SEC FEELS MORE RULES WILL PROTECT THE PUBLIC INSTEAD OF INFORCING THE RULES THAT ALREADY EXIST.IN ADDITION THIS RULE WOULD ACTUALLY ALLOW AN UNFAIR ADVANTAGE TO BROKERS VS. REGISTERED INVESTMENT ADVISORS REGARDING DISCLOSURE AND I DONT SEE HOW THAT BENEFITS THE PUBLIC.
SINCERELY,
THOMAS A. HENNESSY,CFP