From: Margie Meyer [Marjorie.Meyer@verizon.net]
Sent: Monday, June 24, 2002 3:06 PM
To: rule-comments@sec.gov
Subject: File No. S7-25-99

Dear SEC,
I am a CPA, a  fee-only financial planner, a state-registered investment advisor, 
a faculty member of a graduate business school (where I teach personal financial 
planning) and I have an MBA in finance.  This proposed rule is in a subject area 
at the heart of my professional life.  I am strongly against it.
 
In this era of accounting abuses, analyst shenanigans and stock market debacles, I 
cannot believe that you are considering implementing a rule that lets a stock broker 
slip under the radar screen.  This rule is extremely dangerous.  As a fee-only 
advisor, I often have clients enter my office holding asserts in their brokerage 
accounts that are unsuitable, sometimes egregiously so.  I often hear how stock 
brokers simply ignore their clients - those that have under $100,000 and want to 
buy-and-hold are the most abused. 
 
I can only conclude that you are doing this for one reason: to help out full-service 
brokerages.  It certainly has nothing to do with taking any consumers' interests 
into consideration.

Marjorie Meyer