From: MARIE DECAPRIO [mcdecaprio@optonline.net]
Sent: Wednesday, March 17, 2004 10:31 AM
To: rule-comments@sec.gov
Subject: S7-06-04:

I think point of sale disclosure of any transaction fees are absolutely 
appropriate. 

 To expect a broker to disclose whether or not what he is selling is 
advantageous to the client is quite silly.  Brokers, by the structure of the 
commission based system, cannot be objective and cannot offer objective advice.  
If a client wants objective investment advice, he should consult with a fee only 
financial planner.  Brokers have their role in the world, they sell financial 
products.  Individuals should understand what they are getting when they work 
with a broker.  There is a PLETHORA of information, websites, magazines and 
newsletters that will educate individuals.  For the SEC to police the industry 
at this level is a huge undertaking, one that is unnecessary, I believe.
Thank you for the opportunity to respond.
Marie DeCaprio