Letter to Members - March 30, 2005

Dear Small Firm Member:

If your firm sells mutual funds, 529 college savings plans or variable insurance products, I encourage you to comment on SEC Proposed Rule S7-06-04. 

On January 29, 2004, the Securities and Exchange Commission (SEC) proposed two new rules that would require broker-dealers and municipal securities dealers to disclose, among other costs, certain mutual fund fees and expenses at the point of sale and in transaction confirmations. 

On March 1, 2005, the SEC reopened the comment period based on initial feedback regarding the new rules--namely, how the disclosure forms are formatted and when and how firms need to disclose certain costs.  To read the full proposal, visit the SEC Web site.

All comments on SEC Proposed Rule S7-06-04  must be received on or before April 4, 2005, and can be submitted by any of the following methods:

Electronic comments:

Paper comments:

  • Send paper comments in triplicate to:

    Jonathan G. Katz
    Secretary, Securities and Exchange Commission
    450 Fifth Street, NW
    Washington, DC 20549-0609

All submissions should refer to File Number S7-06-04. This file number should be included on the subject line if email is used. To help the SEC process and review your comments more efficiently, please use only one method. The Commission will post all comments on the Commission's Internet Web site. All comments received will be posted without change; the SEC does not edit personal identifying information from submissions. You should submit only information that you wish to make available publicly.

If you have any questions, please feel free to contact me at (616) 942-7680.


Bill Alsover Signature

Bill Alsover
Small Firm Advisory Board