Subject: File No. S7-06-04
From: elizabeth alpert
Affiliation: none

June 22, 2005

I think there should be total clarity. A lot of the information is based on faith and investors have been used. where there is an open atmosphere, trust can grow. I know that the industry has tried to keep the facts...a closed matter. So I think the government should go as far as possible to expose those that benefit from the un-information that the prospective investor can know.