Subject: File No. S7-39-04
From: David H Hosier
Affiliation: The Freedom Reclamation Project FRP

November 26, 2004

Fair Administration and Governance of Self-Regulatory Organizations Disclosure and Regulatory Reporting by Self-Regulatory Organizations Recordkeeping Requirements for Self-Regulatory Organizations Ownership and Voting Limitations for Members of Self-Regulatory Organizations Ownership Reporting Requirements for Members of Self-Regulatory Organizations Listing and Trading of Affiliated Securities by a Self-Regulatory Organization

For Non-profit and Not-for-profit Organizations having trouble with funding might consider a government affiliated outsource agency, leaving considerable amounts of increase funds that can then be allocated in other departments of the organization itself. More funds allocated for Research and Development of Advanced Technologys Department located within the Human Resources Department.