Subject: File No. S7-06-04
From: Paul L. Schutt

March 28, 2004

As a long time investor, I support fully the new full disclosure rule proposal. There are too many conflicts of interest in the sale of various investments by brokers. I have been the victim of some bad sales practices in the past and full disclosure would make it easier for me to make further investments through broker/dealers in the future.

Please implement these new full disclosure rules as soon as possible. Secure and better informed investing will help the economy and job growth as well.


Paul Schutt
Helix Camera Video
Chicago, Illinois 60607