From: Scott Fagin [SFagin@JeffreyMatthews.com]
Sent: Friday, January 09, 2004 9:08 AM
To: rule-comments@sec.gov
Subject: File No. S7-30-03.

Gentlemen:

I write to comment on the proposed changes in what I will term privacy
notification. I represent a small NASD B/D. Each new regulatory
requirement/change  imposes overhead, both in direct costs and management
time. We would like whatever wording is ultimately ordained to then be
sanctioned by our regulator (NASD) and made available to us in a Word file.
A standard short notice would be our preference. We would also appreciate
whatever procedures are necessary to be spelled out in advance so that we do
not have to scramble to be in compliance.

Thank you for your consideration.

Scott Lynn Fagin
CCO/CFO
The Jeffrey Matthews Financial Group, LLC
290 Millburn Avenue
Millburn, NJ 07041
973 467-1223