Date:    12/17/1999  10:25 AM
Subject: Proposed Regulation FD

I am EXTREMELY happy to know that the SEC is considering promulgating 
Regulation FD.  At a recent conference on the Internet Economy in 
Washington, DC, I had a chance to talk to Commissioner Laura Unger about 
this very subject.  Her response was that although full disclosure to 
individuals, and not just to a few privileged institutional investors, 
is desirable, it will prove very hard to enforce in practise.
     
I partially agree with her assessment.  However, I believe it is still 
very important to have Regulation FD on the books.  The threat of 
prosecution alone should have a sobering effect on some public 
companies, and will goad them towards full disclosure, and make the 
errant ones think twice before engaging in selective dissemination of 
information.  This will help level the playing field for small, 
individual investors like me.  Today, the technology is in place for 
mass, two-way communications, and public companies can no longer claim 
that the means to inform everyone do not exist.  Further, the regulation 
will give the SEC more 'teeth' to pursue the really aggregious cases of 
selective disclosure.
     
Finally, it will be a truly sad day for us as a society if we allow a 
patently unfair and undemocratic practice to continue simply because we 
caved in front of a seemingly difficult challenge.
     
Thank you.
-- 
Sumeet Chhibber
Booz-Allen & Hamilton, Inc.
8283 Greensboro Drive
McLean, VA 22102-3838
     
Voice: (703) 917 2619
Fax:   (703) 902 3260
     
Email: chhibber_sumeet@bah.com
http://www.bah.com