Subject: File No. S7-06-04
From: William J Romeo

April 3, 2005

Because of the overwelming burden the file number S7-06-04 would bring upon independent Broker/Dealers, and as an act of non-discrimnitory and hasty implimentation of such a rule, the SEC must extend the April 4 dead line for comments an additional 30 days. This would allow an opportunity to better understand, and suggest a more appropriate resolve to the issue at hand.