The following Letter Type H, or variations thereof, was submitted by individuals or entities.
Letter Type H:
Jonathan G. Katz,
RE: Release No. 33-8358; IC-26341-1; File Number: S7-06-04
Dear Mr. Katz:
I have been a registered representative working as an independent contractor in the financial services field for many years.
I would like to express my concerns regarding the proposed new rules for point of sale and confirmation disclosures of mutual fund transactions for the following reasons:
First: The regulations are way too involved for the average person to understand exactly what it is I would be trying to tell them. Second: The cost to add these rules and notifications would only add to the cost of people investing and lower their yield. Sometimes to protect people from a few bad past experience you go overboard and end up punishing the rest of us with burdensome paperwork and regulations.
Therefore I respectfully request that the Commission: