From: Wayne Pietri
Sent: March 31, 2005
Subject: File No. S7-06-04

I don't see the need for the proposed legislation.

Point of sale is made with prospectus which explains the charges and expenses. Why the need for anything else.

I don't know of any profession that discloses the expenses and fees at point of sale or even after point of sale.

Wayne Pietri
Jack Dardis & Associates
210 Veterans Blvd
Suite 200
Metairie, LA 70005