Date:    01/18/2000  11:05 PM

Subject: Proposed Regulation re. Fair Disclosure

From what I read below from your web site, I am 100% in favor 
of
Regulation FD.  Too often the small investor is left to the 
mercies
of the market because the big investors have information that 
is
not disclosed publicly.  This regulation would be a major step
     
in leveling the field for everyone.  Just because an investor 
in a
public company is a large money entity doesn't mean he should 
have
priority to information on a PUBLIC company.  That is 
definitely unfair.
     
Thank you for proposing this regulation and I most certainly 
hope it
passes.
     
Shirley Rogers

     
+++++++++++
The Commission is proposing a new Regulation FD (Fair 
Disclosure), which
does not treat selective disclosure under insider trading 
laws, but rather
creates requirements for fair disclosure practices by 
companies.
     
Proposed Regulation FD would require that:
     
(1) whenever an issuer intentionally discloses material 
information,
it do so through public disclosure, not through selective 
disclosure; and
     
(2) whenever an issuer learns that it has made a 
non-intentional material
selective disclosure, the issuer make prompt public disclosure 
of that
information.
     
Under the proposal, an issuer could make the required public 
disclosure
through one of several methods:
     
(1) filing the information with the Commission;
     
(2) issuing a press release; or
     
(3) providing public access (for example, by phone access or 
webcast)
to the conference call or meeting.