Subject: File No. S7-25-99
From: Todd C Chamberlain, CPA

January 15, 2005

I believe that the proposed rule should be completely repealed. Brokerage companies, if poviding advice, should be subject to the same regulatory oversight as investment advisory firms providing advice. Brokerage firms are not providing financial advice as incidental to thir sale process - is it part of their sales process The advice provided leads to brokerage sales and thus should be subject to regulatory oversight.