Subject: File No. S7-06-04
From: Andrew Wood, Jr.

April 4, 2005

SEC Rule, file # 57-06-04, will increase the burden on BDs and financial advisors beyond what is necessary. This burden will decrease the financial options available to consumers being aided by advisors. It will increase expenses which ultimately are passed on to the consumer.

I was not given substantial opportunity to review the proposal and request at a minimum, the comment period be extended an additional 30 days. Thank you.