From: AJ Wolf [ajwps@yahoo.com]
Sent: Friday, April 30, 2004 11:24 AM
To: rule-comments@sec.gov
Subject: Comments on File Number S7-13-04

Jonathan G. Katz, Secretary, Securities and Exchange Commission
450 Fifth Street, NW
Washington, DC 20549-0609. 

As an stock and bond investor for many years, I wish to strongly object to any 
rule that eliminates the established paper stock certificates for the 
following reasons:

1) Electronic trading of stock purchases has been used for decades, with the 
full knowledge and acquicense of the SEC, to launder funds (drug and 
terrorist).

2) Electronic trading of stock and related instruments has been used by 
criminal brokers, market makers and offshore trading companies to manipulate 
prices of these instruments which has resulted in the loss of millions upon 
millions of jobs and more than 3 trillion dollars. More than enough to pay off 
the national debt.

3) The SEC and NASD has become conspirators in the above activities by simply 
fining these illegal entities and allowing them to proceed to continue this 
activity which is resulting in the destruction of the United States of America 
and the population of same.

4) The Dept of Justice and the Federal Reserve System are being made aware of 
these activities by the offenders and their conspirators (the SEC and NASD).

There are Federal legislators which soon will be proposing laws to completely 
eliminate the SEC and NASD and those who use these vehicles in criminal 
activities.  

Any attempt to eliminate paper certificates (which prevents these illegal 
activities) will result in a collapse of the financial systems of the United 
States and a disaster for the entire world.

Thank you,

Dr. Arnold J. Wolf

cc: DOJ
      Federal Reserve
      Dr. Frist
      President George W. Bush  


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