Subject: File No. S7-06-04
From: David OBlock, CFP, RFC

April 1, 2005

The April 4 deadline for the proposed new rules File number S7-06-04is a perfect example of how the SECs good intentions will in fact hurt the general public while they are attempting to help the general public.

Costs are ultimately paid by the investor. Limited choice is bad for investors.

Increasing costs and limiting choices to duplicate existing and required information throws the baby out with the bath water. There is no reason to rush in to what may be more harm than good.