Date:    08/06/2000  4:22 PM

Subject: S7-31-99, Proposed Selective Disclosure / Fair Disclosure Ru

Yesssss!!!!  Please level the playing field for the little guy.
     
Pursue this new rule with all your passion.
     
For years I have been frustrated at seeing stocks move for no apparent reason, 
only to find out later that an analyst was given proprietary company information
that was selectively distributed to their client base, causing a significant 
move in a stock.
     
As recent as this week, a stock I own declined significantly for no known 
reason.  Since the decline I found out that an analyst cut their earnings 
estimate on the company SIGNIFICANTLY for the current quarter.  There were no 
public indications that anything had changed at the company.  About a week after
the analyst's downgrade, the company announced that quarterly earnings would 
effected by accounting problems.
     
I've recently heard some of the arguments given by analysts and the media for 
not wanting this new rule. All of them based on the rediculous argument that it 
will make their jobs more difficult.  WELL EXCUSE ME!  We should continue this 
unfair disclosure of information just to keep their jobs easy????????
     
Any arguments against this rule can be overcome by existing technologies and ALL
WILL BENEFIT from these changes!
     
Give 'em hell guys!
     
Michael Fulara
Groton, CT