From: Melissa Shaw
Sent: March 30, 2005
Subject: File No. S7-06-04

You cannot legislate integrity.

Too much disclosure to clients doesn't protect just makes them more uneasy about the whole transaction.

I'm licensed for insurance and variable products, and make every effort to help clients understand what they are doing.

Please exercise caution in more rules and regulations. You're making this an impossible task to stay in compliance!

Melissa Shaw, CFP