Comments on Proposed Rule:
Selective Disclosure and Insider Trading
Release Nos. 33-7787, 34-42259, IC-24209, File No. S7-31-99
Author: Terri Aguirre at Internet
Date: 04/26/2000 8:30 PM
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TO: RULE-COMMENTS at 03SEC
Subject: proposed regulation fd: file #57-36-99
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this communique is to show support for the above written regulation
,currently up for review by the S.E.C. this , to me , will open up more
information , not restrict it , as mr.stuart j.kaswell , of the S.I.A.,
stated in his pronouncement . it seems that if you require companies ,
corporations and brokers to adhere to a group of rules and conditions ,
in regards to the dissemination of information , allowing more complete
and up to the minute info , then everyone is better served .
In a open market economy , it should be a level playing field for all ,
regardless of whether the player is an insitution or someone trading
on-line , like myself . why should i have to wait for information
regarding my investments while some connected broker is passing on
"priveleged" information to his institutional client ,while my investing
needs must stand in line awaiting pieces of selected info.
i should be no threat to any broker , brokerage house or institution .
thank you
mark aguirre
Author: "David Burger" at Internet
Date: 04/26/2000 9:07 PM
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TO: RULE-COMMENTS at 03SEC
Subject:
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--- David Burger
--- deburger@earthlink.net
--- EarthLink: It's your Internet.
I am against selective disclosure.
Author: at Internet
Date: 04/26/2000 10:54 PM
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TO: RULE-COMMENTS at 03SEC
Subject: (no subject)
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I'm just a small voice in the 'Investing' wilderness, but I am quite
concerned that not all available information a company is required to
disclose will reach the average investor without going through a big
brokerage house.
Please do not cave in to the big money lobbyists trying to control the
Information business.
Roger L. Engstrom
Mobile, AL
R1engstrom@aol.com
Author: mark foreman at Internet
Date: 04/26/2000 9:06 PM
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TO: RULE-COMMENTS at 03SEC
Subject: Full Disclosure
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I insist on full disclosure, We are entitled to a level playing field. How
would you like to be on the outside investing with your hard earned dollars.
Fair disclosure rules are the right thing to do, be brave and do what's
fair.
Mark Foreman
Bomanite of Northern California
191 Ruby Street
Auburn, Ca 95606
530-823-6480
http://www.bomanite-norcal.com
Author: Bill Garner <254168823@worldnet.att.net> at Internet
Date: 04/26/2000 9:31 PM
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TO: RULE-COMMENTS at 03SEC
Subject: Proposed Regulation FD: File No. S7-31-00
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Members of the SEC:
I will keep this brief, as I am sure that sending a lengthy dissertation
will not have any more effect than one which is to the point.
I am in favor of the fair disclosure of information rule which is
currently before you. It saddens me that Wall Street analysts find it
necessary to fight against the opportunity for investors of all levels
and walks of life to have the benefit of the same information which they
have been privy to for so many years. Many investors will still depend
on their analysis, but they are not entitled to have so much advantage
over the individual investor. And contrary to what they may have you
believe, those individual investors showing an interest in the
information, may be able to disseminate it without becoming panic
stricken or irrationally emotional.
It is my request that you vote for this "fair" change in policy.
Sincerely,
Kay Garner
individual investor
106 Laurel Oaks Ln
Crawford, TX 76638
Author: at Internet
Date: 04/26/2000 11:31 PM
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TO: RULE-COMMENTS at 03SEC
Subject: Proposed Regulation FD
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Every one should have the right to access full disclosure of corporate
information--not a selective few. What each individual may or may not wish
to do with this information should be an individual choice (right). Thank
you for your efforts. Linda Henderson, Thousand Oaks, CA
Author: at Internet
Date: 04/26/2000 11:30 PM
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TO: RULE-COMMENTS at 03SEC
Subject: Proposed Regulation FD: File No. S&-31-99
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I opposed selective disclosure.
Dawn Kruse
Author: at Internet
Date: 04/26/2000 11:15 PM
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TO: RULE-COMMENTS at 03SEC
Subject: "Proposed Regulation FD: File No. S7 - 31 - 99"
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Let's have a level playing field.
Leonard R. Lee, 7431 N. Hampton Rd. Lincoln, NE 68506.
E-Mail Leonarddoc@aol.com.
Author: "Salomon M. Lipiner" at Internet
Date: 04/26/2000 11:56 PM
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TO: RULE-COMMENTS at 03SEC
Subject: Proposed changes to selective disclosure of information.
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As concerns the selective disclosure by issuers to select groups of
analysts, only one service is performed. Those firms invited to send
analysts have a leg up not only on the investing public whose money is
at risk but also enables them to give leg up to their "important"
clients who are alerted before the rest of the individual investors.
Opening of these meetings to the investing public will have two
beneficial effects. First, the investing public will have equal access,
to new information making for a more transparent market.
Second, Brokerage firms will be under increased pressure to supply their
research and analysis to all clients at the same time or risk losing
their most lucrative clients., the individual investors.
I strongly urge the commissioners to open the disclosure process in such
a manner that we all have the same news at the same time and can all
hear responses to the questions of analyst at the same time
Salomon M. Lipiner
300 East 74th Street
New York, NY 10021
Author: McElroy48@aol.com at Internet
Date: 04/26/2000 10:55 PM
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TO: RULE-COMMENTS at 03SEC
Subject: Rule changes are a GOOD IDEA!
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The Securities and Exchange Commission (SEC) is proposing to change the rules
that currently allow companies to give important information to Wall Street
analysts without simultaneously giving the news to the public at large. This
is a good Idea.
Wall Street is spending big and lobbying hard to keep the current system of
selective disclosure in place. Please don't let them prevail.
Author: at Internet
Date: 04/26/2000 10:45 PM
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TO: RULE-COMMENTS at 03SEC
Subject: Disclosure
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Please consider the equalized nature of investing and disclosure.
Sincerely EE Moe
Author: hadley101 at Internet
Date: 04/27/2000 12:04 AM
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TO: RULE-COMMENTS at 03SEC
Subject: Regulation FD
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SEC,
I appreciate the opportunity to voice my opinion on
proposed Regulation FD. I value the analysis of the pros on the street
but they are like politicians and have their own agenda. Rarely have I
seen a sell rating on a stock. I don't have the privilege of taking
companies public but this is only one point, I am well aware that
analysts have to butter management teams to be privy to information.
I will welcome any change that involves an open playing field and
holds these guys to a higher degree of professionalism and scrutiny.
My financial future is in my hands and I would
like to disseminate reports on my own and compare to the results I
get to the street's. For this reason I need to deduct my own opinion
as my future is as stake. I already feel that the street has an unfair
advantage when they receive important information and make trades
according what the information is. This lack of free flow of
information is a black eye to the supposed efficient and fair market.
I rarely hear any news regarding the SEC catching anyone front running
and feel this regulation is just an appeasement to the so called Dumb
Money. Remember this is what we are called and this is because they
are privy to secret information. They keep it from us and taunt us with
it. I don't plan on staying in the market as I have better opportunities
for my money. People lost faith in the markets before and we all know
what it did to our country.
Hadley Robinson
Individual Investor
Author: Tim Rumoshosky at Internet
Date: 04/26/2000 8:50 PM
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TO: RULE-COMMENTS at 03SEC
Subject:
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I am extremely distressed about your continuing approval of allowing "so called"
analysts to be fed news from companies before the general public. What were the
US and French revolutions about a few centuries ago - that there should be no
"annointed" elite. Everyone should have equal opportunity.
If these "analysts" are so smart, they should be able to analyze the information
quicker than us serfs and still come out on top.
Unequal protection of the law is not my concept of the US Government. If it is
yours, please forward me an application to be a member of the royalty.
Author: "Bill_CKD_CBD" at Internet
Date: 04/26/2000 7:34 PM
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TO: RULE-COMMENTS at 03SEC
Subject: Full Disclosure
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Gemtlemen:
Full Disclosure is the way that it needs to be.
Thank you,
William D. Shorr, CKD, CBD
Author: "Ray Smith" at Internet
Date: 04/26/2000 9:09 PM
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TO: RULE-COMMENTS at 03SEC
CC: at Internet
Subject: fair disclusure rules
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Dear SEC,
Please pass the proposed Financial Disclosure legislation. I'm an individual
investor and strongly feel that there should be laws to protect us from shadey
business practices.
Ray Smith
1330 Tunnel Rd
Santa Barbara, CA
93105
Individual Investor
Author: Timothy Vian at Internet
Date: 04/26/2000 8:49 PM
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TO: RULE-COMMENTS at 03SEC
Subject: SEC Filings
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I am an economics teacher at a high school here in Oregon and I have
just finished a presentation on the stock market and the ability of the
SEC to monitor and report filings on company's who have issued stock.
Students were amazed and gratified to know that there was a government
agency that really did look out for all people concerned. Do not allow
Wall Street moguls to hog tie and subvert one of the most impressive and
fair systems that we as individual (and future) investors have to
protect and learn from.
Many of the students are tracking stocks (fictitiously at this point)
and have chosen those stocks on the basis of SEC filings. They find them
valuable and have said repeatedly that most of the stocks they have
chosen were because of the SEC filings.
The youth of this country do listen and they do understand the value of
research and accurate information. As future investors they may not like
the idea of privileged information for only a few. Doesn't seem to be
the American way...maybe China's.
Tim Vian
tvian@sps.lane.edu
Thurston High School
Springfield, OR
http://www.sec.gov/rules/0426b01.htm
