Subject: Regulation FD comment - File No. S7-31-99 Date: 04/13/2000 4:33 PM As a private investor, I urge you to adopt the above proposed regulation. For too long the public has been the LAST to learn about material developments ( or even, not so material developments ) that can influence the demand for a stock. It is important to "level the playing field"! Thank you. Rainey Hancock