From: Brian Hartman
Sent: March 31, 2005
Subject: File No. S7-06-04

Im sure you hear this all the time...but PLEASE keep in mind that there are firms out there with only one office and eight employees Every new rule and regulation that comes down from the SEC, NASD, and MSRB creates several hours away from the desk for me at least one day a week I have to spend on thisand usually a significant amount of costs for a firm that produces under a million annually. I realize that only in a perfect world could the large, national broker/dealers be regulated sufficiently while not creating such burdens for small firms. All Im saying is just to try and remember we are out here.

Thanks for your time. Brian Hartman
Vice President
Nancy Barron & Associates