Subject: File No. S7-06-04
From: Mr.Theodore Luciani

March 11, 2004

Yes,I contacted U.S.Securities about a year or so ago and
complained about charges and fees and commissions which I
was I was not at all informed of by Ameritrade,Equiserve,and
Pershing,they took a good half of my Investment money with
their exhorbent fees and Commissions I am still very very
upset about,I believe very strongly You should stop this
Extortion. Thank you, Sincerely Theodore Luciani