From: WD40K@aol.com [mailto:WD40K@aol.com]
Sent: Saturday, July 06, 2002 12:47 PM
To: rule-comments@sec.gov
Subject: re: S7-24-02

As an investment advisor I feel that these are much needed reforms in order 
to restore confidence in our financial system. My only concern is that we 
don't over-regulate to the point where businesses cannot function properly.
Additionally requiring ALL firms, regardless of size, to use separate 
independent outside auditors from consultants places an unnecessary burden on 
the small to medium size business where there is no indication that abuses 
occurred.

Sincerely,

William J. Darusmont
Wentworth, Hauser & Violich
San Francisco, CA
(the views stated do not necessarily reflect the opinions of my firm)