April 4, 2005
-I am writing to plead with you to extend the comment period for the proposed new rules File number S7-06-04 that will require broker/dealers to provide customers with targeted information, at the point of sale and in transaction confirmation, regarding the costs and conflicts of interest that arise from the distribution of mutual fund shares, 529 college savings plan interests, and variable insurance products. This comment period has been extreamly short and has not provided enough time to fully explore the many ramifications it will have on the industry.
Please extend the comment period for another 30 days.