Sent: Monday, February 23, 2004 11:49 AM
Subject: File No. S7-06-04

The only 'comment' I have is, why didn't the SEC make this a
brokers disclosure requirement in past years?  It's unconscionable
that brokers make more in commission if you buy Mutual Fund A,
rather than Mutual Fund B, and are not required to let you, the
investor, know of it.

Reminds me of another bit of information I 'learned' the hard way,
which is that most auto mechanics are paid on commission at
dealerships. Is that an incentive to 'recommend' more repairs than
you actually need?  You bet it is.

We consumers are sick of getting ripped off.  In that vein, I
encourage you to require disclosure of any and every brokerage
practice that would effect their recommendations when dealing with
investors.

Regards,
J. West
Beverly Hills, CA