April 4, 2005
I am requesting that the SEC extend the deadline for review and comments on the proposed new rules File number S7-06-04 that will require broker/dealers to provide customers with targeted information, at the point of sale and in transaction confirmation, regarding the costs and conflicts of interest that arise from the distribution of mutual fund shares, 529 college savings plan interests, and variable insurance products.
The proposal was distributed for comments on March 1, but not received by FSI members until March 7. I have not had a substantial opportunity to review the proposal and would like the comment period extended for an additional 30 days.
Denise A. Izatt