Date:    03/21/2000  2:18 PM

Subject: Proposed Regulation FD
 
Dear SEC:
     
I sat for a few minutes and tried to think of ways in which selective 
disclosure of financial information by public companies is good for the 
companies, their owners and customers, or the economy. I couldn't think 
of any.
     
Selective disclosure is obviously very good for Wall Street firms and 
saves them and their clients _illions of dollars (fill in the blank--m, 
b, tr, gaz?). It enables them to unload or load up on stocks based on 
information that is, amazingly enough, public and privileged 
simultaneously.
     
I did come up with several words to describe this situation: unethical, 
unfair, exploitative, slimy, and un-American, to list just a few. There 
is one term that obviously should describe this practice but which, 
curiously, does not seem to apply -- illegal.
     
Best Wishes,
     
Robert D. Selim