Subject: File No. S7-06-04
From: Phil Comstock

March 24, 2004

I would like to commend the SEC for requesting comments on the proposed rule changes regarding broker disclosures. I strongly support the notion of more transparency in all aspects of fincance and investing. I specfically endorse the proposed rule changes and hope that we will see more such action. Individual investors have been poorly served by the present system. Real reform is essential.

Many thanks.

Phil Comstock