From: Daniel and Penny [daniel@iopener.net]
Sent: Monday, December 29, 2003 10:22 PM
To: rule-comments@sec.gov
Subject: (s7-29-03) Full disclosure of fee & brokerage disclosure of
insurance

Dear Sec:
   I feel it is vitally important that fund investors be given the full 
information regarding the costs of mutual funds transactions. How can we 
choose the products many of us depend upon for our retirement when we are
kept in the dark about this matter.
    Another area that needs to be cleaned up right away is the way brokerage 
firms disclose what insurance they have covering each account.  Since 
Travellers Group. Radian Group and AIG pulled out of the market I have been 
having great difficulty in finding out what  - if any - insurance several 
different brokerage firms carry above the $500.000 provided by SIPC.  I think 
there should be a rule stating that every account application should have 
this information printed on it  including:

   1) Name of the insurer
   2) Amount covered
   3) Amount covered in cash
   4) Date of expiration of the policy

I suggest that you try as I recently did to contact Brown Co and see what a 
run around you get.  Same thing at Scottrade.  I am APALLED & DISGUSTED!

                            Sincerely,
                            Penny Brown  
							212 222 8828         
							817 West End Ave 
							Apt 10C
                            New York, NY 10025