From: Tom Fleishel [tfleishel@rjfs.com]
Sent: Monday, July 08, 2002 3:46 PM
To: rule-comments@sec.gov
Cc: Dick.Harkey@mail.house.gov; rusty.roberts@mail.house.gov
Subject: File No.S7-25-99

Fleishel Financial Associates, Inc.
812 North Woodland Boulevard
Deland, Florida 32720
(386) 738-1800 (Voice)
(386) 943-4010 (Fax)
(800) 537-0950
tfleishel@rjfs.com
visit our website at: www.fleishelfinancial.com

Dear SEC Commissioners,

This correspondence is in reply to the above proposed ruling that would allow certain broker-
dealers to offer financial planning without being deemed investment advisors.  The idea of having
broker-dealers offer comprehensive financial planning without having to be subject to the
investment advisor's act of 1940 or similar state laws along with their incumbent disclosure and
fiduciary standards would not be in the best interest of the general public.   I have personally
spent thousands of dollars and several years gaining education and experience requirements to
become a competent financial planning professional and as a member of the CFP board, I must adhere
to standards of conduct based on the CFP Code of Ethics and Professional Responsibility.  I
believe the public is best served by professional who provide financial planning advice acting in
a fiduciary capacity, and who thoroughly disclose any financial or other conflicts of interest and
I urge you to withdraw the proposed rule.  

Sincerely,

Thomas B. Fleishel, MBA
Certified Financial Planner

Securities Offered Exclusively Through
Raymond James Financial Services, Inc.
Member NASD/SIPC