Subject: File No. S7-06-04

March 17, 2004

Thank you for the first time chance to present my thoughts on money matters.

Your proposed rules are a GIANT step forward. I must admit that I am pleasantly surprised that the SEC is following through.
Without a doubt there are more disclosure and transparencies that would help expose any conflict of interest.
Please continue and do not weaken or compromise. we, the investors have only you between greed and us.
Self-regulation is a joke in every area of business and a Pollyanna pipe dream. As there are laws of conduct for citizens there must be for financial people from sales to brokerage houses.
Thank you,
Edward Picciuti