Subject: File No. S7-06-04
From: Frank P Kromer

March 17, 2004

I am pleased for this opportunity to comment. As an individual investor, I am appalled at what has come to light in the past two or three years about the brokerage industry.

It is sad that the Government has to impose standards regarding costs to their customers as well and more importantly their conflicts of interest on the brokerage industry when they should have been providing this information all along. When will they learn who their customer is? I completely support the SEC proposals and only wish the brokerage industry would adopt them unilaterally.

Again, thank you for this opportunity to comment.