Date:    12/17/1999  11:11 AM

Subject: Comments Regarding Regulation FD 

Dear Commissioner: 
     
With regard to the Commission's proposed new rule change, Regulation FD (Fair 
Disclosure), which would bar companies from selectively disclosing material 
information, this legislation has been a long time in coming and way overdue. If
the public at large is to embrace the institutions of government and finance 
with any credibility at all, it is absolutely vital that insider traders be 
caught and vigorously prosecuted. In the past, far too many individuals who have
benefited by the lack of enforcement of already weak laws, to the tune of 
millions of dollars annually, have gone unpunished and are free to continue 
their cheating enterprises which hurts the rest of us and society as a whole. 
     
As persons in positions of leadership, the wealthy and powerful among us become 
the role models of our young people. Is it small wonder that so many of our 
youth today see absolutely nothing wrong with doing whatever is necessary, 
including resorting to cheating (and in many cases criminal activity) to achieve
their goals? 
     
The new rules to ban selective disclosure of material information and to clarify
insider trading rules, and adopted rules to enhance the effectiveness of 
cor-porate audit committees, is a welcome breath of fresh air, and I support 
this effort whole heartedly! I would vote for this legislation in a heartbeat if
it were to appear on any ballot. I hope you and the other Commission members 
will do all that you possibly can to shepherd this legislation through to 
passage. 
     
In addition, I would urge you to please publicize more widely this proposed 
change in the law in order to enhance public awareness, and with the intent to 
encourage citizens to respond by any means available, stating their approval or 
disapproval. 
     
If the Fair Disclosure regulation becomes law, I am extremely confident you will
see our stock exchanges become ever more invigorated because of renewed investor
confidence in the fairness of the process. 
     
Sincerely yours, 
Owen Burcham