Date: 03/22/2000 9:53 AM Subject: Proposed Regulation FD TO: Whomever at SEC is the keeper of comments in re "Proposed Regulation FD" FROM: Dave Bohyer, individual investor; 3950 Floweree Dr., Helena, MT 59602-9579 RE: SEC -- Proposed Regulation FD DATE: March 22, 2000 I am taking this opportunity to be on the record in support of "Proposed Regulation FD". As an individual investor -- truly a micro investor compared to institutions and the most affluent -- it has become clear to me that I am at a considerable disadvantage to major investors when it comes to access to information, particularly the timing of access to information. I believe that Proposed Regulation FD, at least in substance if not form, would go a long way to ensuring that all investors and any other interested parties have virtually the same information at the same time. The money that I have invested in a publicly traded company is as important to me as the money that an institution has invested in the same company is to the institution (or its clients, partners, investors, et al.). Therefore, I believe that having equal access to relevant and timely financial information regarding the company is a good idea. Also, on a remotely related matter, I also believe that the investing public would be well served to have timely access to information regarding Initial Public Offerings. More specifically, small investors, such as myself, have severely limited access to IPOs at the initial pricing. Moreover, the access that we do have (e.g., through on-line brokerages) typically impose substantial penalties for "flipping" by investors who are fortunate enough to win a stake in the IPO lotteries. I think it would be highly beneficial to the investing public to have access to: > a list of all of the firms/brokerages participating in the IPO; > a list, by brokerage, of the number of IPO shares granted to each brokerage; > a list, by individual investor, of those investors allocated shares at the IPO price and including the number of shares allocated to each investor. (This share # statistic could be provided for investors allocated a number of shares above a particular threshold, e.g. more that 100 shares or more than 0.002% of the IPO shares (that 100 shares of a 5,000,000 share offering.) > a list, by those who were allocated IPO shares, detailing the date(s) and number(s) of shares traded by IPO investors within a certain timeframe, e.g., 30-, 60-, 90-, 180-days after the IPO date. Thanks for your time and this opportunity.