Subject: File No. S7-25-99
From: Wanda Cooper

September 10, 2004

i am really appalled that the sec would even consider allowing stockbrokers to charge a fee and market themselves as financial planners. as a financial planner, i see so many portfolios managed by "stock brokers" that have no rhyme or reason to why the client is invested this way, no consideration of the goals of the clients or risk. this is absurd and i urge you to reconsider this. thank you