From: zornmoor@earthlink.net
Sent: Friday, February 06, 2004 2:26 PM
To: rule-comments@sec.gov
Subject: (s7-06-04) New Confirmation and Point of Sale Disclosure Requirements

I am a small investor in several Mutual Fund Families, at least one of which (Janus ) is 
alleged to have been involved in late trading and timing deals.  The quarterly or 
semi-annual reports have been generally upbeat and reveal no data that aroused my 
suspicion.  They should be required to so word their reports that wrongful procedures   
cannot be obfuscated.  While legal, I find it outrageous that highest management is
awarded extravagant bonuses and other add-ons.  If they are "incentives" they should be 
limited to productive performance and withheld or even penalized during a period of poor 
performance.  I have never heard of this happening.

I have never understood the role of "hedge funds" in the system.  When Alan Greenspan
rescued a large one that he himself was heavily invested in, it struck me that (a) Mr., 
Greenspan had a conflict of interest, and (b) such funds are contrary to investing to
"own part of a company" and help it prosper rather, than "commoditizing it. We small 
investors need a standardized manual to understand our relationships to the funds and 
corporations we partly "own."

Jackson W. Moore, Jr.    zornmoor@earthlink.net
741 Jefferson Dr. E
Palmyra, VA  22963