Subject: File No. S7-06-04
From: Adam J Makkai, MBA
Affiliation: Registered rep, MSC and Finance Professor, Regis University

April 1, 2005

The proposal in question has not had enough time to be reviewed by professionals in the investment, insurance and financial planning community. It was not distributed until March 1, 2005 and not received by recipients until March 7, 2005. Due to the increased burden of expenses that this proposal could create for broker/dealers, it should be given sufficient time for careful review. The deadline for comments of April 4th does not provide enough time for the individuals working in this industry to examine the information and provide feedback. Please extend the comment period for an additional 30 days so the proposal can be fairly evaluated.