From: Mark Lombardi [vtvegaswest@hotmail.com]
Sent: Monday, June 21, 2004 12:50 PM
To: rule-comments@sec.gov
Cc: vtvegaswest@hotmail.com
Subject: DECIMALS (s7-10-04)

I realize this will probably not get forwarded to the appropriate people, 
however, I still wanted to voice my opnion.....

I believe when I say this I speak on behalf of many people who share the same 
feelings and who are in essence out of jobs.....

The change that was made a couple of years ago from 1/16ths to decimals, has 
been a tragedy for the industry. I firmly believe that this is going to catch up 
and volume is going to go down....We are seeing it now....

The thing that makes up a market is Traders....Buys and Sells and Traders 
provide liquidity....Since deciamls, you have knocked many people out of jobs 
and their livelyhoods.. We have a right to make a living.....What is not broke 
dont fix......The 1/8 and 1/6 was not broke.....There is more fraud going on 
these days than ever....A customer might think it is good because of a narrow 
spread, but I wonder how many times they miss getting their order filled, 
because of penny hopping.....How many times do they miss getting a fill because 
of one cent.......

It is not to late to go back....Even Mr. DOnaldson mentioned last fall they were 
going to look into decimals.....The breadth of the market is so bad....How many 
floor brokers did you knock out of business? We as Traders are allowed to make a 
living......The public invests and have their jobs.....This was are jobs, taking 
risks, making money, and providing liquidity.......This is not Capitalism at 
work.....This is crippling our own people.......True it might be a small 
amount......

DO US ALL A FAVOR AND LOOK INTO DECIMALS.....IT IS NOT HE AMERICAN WAY OR RIGHT 
WAY......WITH SPREADS SO SMALL, STOCKS DONT MOVE MUCH....PLEASE FORWARD THIS TO 
MR. DONALDSON.......

GIVE US OUR JOBS BACK...........

SINCERELY,

Mark