Subject: File No. S7-06-04
From: Dorsey Stebbins
Affiliation:
January 07, 2005
Secretary Jonathan Katz
Dear Secretary Katz,
As an investor advocate, I commend the Commission for its bold step to require brokers to provide pre-sale disclosure of costs and conflicts of interest when they sell mutual funds. However, I am concerned that certain aspects of the proposal, including the proposed timing, content, and format of the disclosures, need improvement.
Thanks for considering my concerns.
Sincerely,
Mr. Dorsey Stebbins
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