Subject: File No. S7-06-04
From: Kenneth R Everett

April 1, 2005

Please extend the comment period for at least 30 days as I have not had adequete time to review the proposal. Im fearfull that these new rules will limit my access to Covered Securities that I now offer to my clients due to increased costs that will be incurred by my Broker Dealer as proposed by the new rules.

Your consideration to my request would be greatly appreciated.