Subject: File No. S7-25-99
From: John Bowen

September 11, 2004

Dear SEC:

I hope that you withdraw rule allowing stockbrokers to not disclose their incentives. As an investor, it is unsettling that I have to worry if the stockbrokers are making additional commissions off of products they sell.

John Bowen
7 Springdale Lock
Pittsford, NY 14534