Subject: File No. S7-25-99

Date:    06/15/2000 5:16 PM
     
     
June 15, 2000
     
Honorable Arthur Levitt Jr.
Chairman
Securities and Exchange Commission
550 Fifth Street, N.W.
Washington, D.C.
     
re:  File No. S7-25-99
     
Honorable Levitt:
     
I am writing to state my opposition to SEC Release Nos. 34-42099; IA-1845, 
"Certain Broker-Dealers Deemed Not To Be Investment Advisers."
     
I believe the proposed Rule should not be approved for the following 
reasons:
     
It would not be in keeping with full disclosure to the investor; and It 
would give unfair competitive advantage to firms taking advantage of the 
rule thus stifling competition.
     
     
Very truly yours,
     
     
George M. Yeiter, CPA/PFS, CFP
     
9000 Gulf Freeway, Suite 130,   Houston, TX 77017