From: John DeVol CLU [john@brcpaoli.com]
Sent: Tuesday, April 06, 2004 2:18 PM
To: rule-comments@sec.gov
Cc: Robert Cogan
Subject: Rule S7-06-04

Dear Mr. Katz:

 I have been an independent registered representative  and now branch 
manager in the financial service field for over 20 years.   The new 
proposed rules for point of sale  and confirmation disclosure of mutual 
fund transactions are a concern to me and the 32 register reps under me 
for the following reasons:

  1.. It seems that more confusion than enlighten would result. 
  2.. The compliance cost to broker dealer, rep and ultimately 
  the consumer would exceed any benefit.  It would likely drive 
  the small BD out of business and severely cripple the medium 
  size BD. 
 

Our broker dealer is an active  member of the Financial Services Institute 
which has carefully reviewed Rule S7 06-04 from, the consumer, their and  
our point of view.  I respectfully ask that you dully consider all of their 
concerns and recommendations.

  

John DeVol, CLU
Broker Resource Center
53 Darby Rd
Paoli, PA 19301
(610) 889 1640.

 

Registered Representative of and securities offered through Capital 
Analysts Incorporated member NASD and SIPC.