From: John_O'Connor@usicg.com
Sent: Thursday, April 08, 2004 3:41 PM
To: rule-comments@sec.gov
Subject: File No. S7-06-04 - Proposed Rule Changes, Point of Sale Disclosure 
and Confirmation Requirements

Dear Mr. Katz, 

As a matter of course, USI Securities Inc., fully supports the apparent 
intent of the proposed rule change.  Clear, complete and unambiguous 
information promotes more meaningful communication between a client and an 
investment professional, and is an important factor in assisting a client in 
making better investment decisions. 

However, in reviewing the Commission's proposed rule changes, it is apparent 
that if adopted, the rules would have a significant impact on the investment 
industry as a whole.  While providing clearer disclosure to investors is an 
honorable goal that should be pursued, the requirements as proposed would 
result in major fundamental changes in the way business is processed and 
information shared by and between retail broker-dealers and mutual fund 
companies.   

While the issue of disclosure to investors may warrant rule changes, we are 
of the opinion that in order to ensure that any such changes are well thought 
out all market participants be given ample opportunity to thoroughly review 
and then comment on the proposal.  As such, USI Securities believes that it 
is reasonable and prudent for the Commission to extend the comment period on 
this rule proposal to July 12, 2004 so that all interested parties may have 
adequate time to further analyze and offer insight as to the impact of this 
proposal. 

Sincerely, 

John O'Connor 
President, USI Securities, Inc. 
95 Glastonbury Blvd. 
Glastonbury, CT 06033 
(860) 652-3239 

Securities and Investment Advice offered through USI Securities, Inc., Member 
NASD/SIPC