Date:    12/16/1999  6:28 PM
Subject: "Proposed Regulation FD" 

re:  "Proposed Regulation FD" 
     
Chairman Levitt,
     
thank you for introducing a piece of legislation that is as needed as 
penicillin.
     
I'm a business management consultant.  My job is to help small private 
companies prosper honestly.
     
I also do a little investing on my own, online.  May I humbly submit that 
the only thing that surpasses the current scandalous method of information 
disclosure by companies is the criminal way IPO's are handled. Please do 
something about IPO's as well.  Currently I find nothing public about an 
initial offering.  It is both private and selective.  It is detrimental to 
the company and the general public.  It favors the institutional purchasers 
and the brokers at the expense of the unaware public.  NOT GOOD!
     
Can someone spell class action lawsuit on behalf of millions of people that 
lost  millions primarily because a lopsided playing field?  What investor 
online or off, for that matter, would not jump on?  If some sharp lawyer is 
capable of convincing people that it was tobacco that injured them and not 
their  own irresponsibility, what will they do with the current "FD & IPO" 
scandalous system?  What will the public think of the powers to be that knew 
about the problem and did nothing to change it?  NOT GOOD!!!!!!!!!
     
THANK YOU FOR INTRODUCING THE "FD" LEGISLATION AND IF YOU SHOULD FIND MY 
ASSISTANCE TO BE OF ANY VALUE, I AM WILLING TO DONATE 2 HRS OF MY TIME/WEEK, 
GRATIS, FREE.  I WILL BE GLAD TO COUNT, FILE, READ, OR MAKE PHONE CALLS.  NO 
CHARGE.
     
My most appreciative encouragement goes out to you.
     
     
Guy Barone