Date:    12/28/1999  12:59 PM

Subject: Support for "Fair Disclosure" Proposals (Proposed Regulation

Dear Sir or Madam:
     
I am emailing you in support of the proposed "Fair Disclosure" rules, which 
would prevent analysts from receiving material information regarding 
business events in closed-door meetings before the same information is 
available to the general public and individual investor.
     
I have been personally burned by the status quo on a number of occasions. 
As a small-time individual investor, I tend to "bottom feed" a lot: 
purchase a stock which appears to have been battered excessively by recent 
bad news but which I believe is still a solid company based on fundamental 
evaluations.  In many cases this philosophy works quite well, although it 
may take several quarters for a company to overcome the stigma of past bad 
news to the point where my investment is a significant monetary gain.  In 
some circumstances, however, once bad news has been released on a given 
quarter, it it the analysts who profit significantly during the next 
quarter or so, as it appears that they and their large clients will recieve 
news far before investors such as I about the state of subsequent quarters' 
results which may prolong a slump or suddenly end it.  While I have 
performed my due diligence, invested my money, and waited 6 to 9 months for 
my investment to bear fruit, the analysts are at liberty to wait until they 
get the advance warning, either sell short (if the news is worse) or buy 
(if the news is good), and profit immediately upon it.  In the meantime 
their money has been free for similar such behavior with other investments.
     
I have no difficulty believing that you are getting a lot of negative mail 
about this proposal, given the strong lobbying power of large brokerage and 
analysis firms.  I urge you to carefully consider the source of each such 
mailing, and weight them with the appropriate value based on any corporate 
affiliations these voices may have.  I can only believe that the mail from 
individual investors such as myself will be 100% in support of more equal 
disclosure.
     
Respectfully,
     
Richard Remski
Arlington, Texas