Date:    03/21/2000  1:26 PM

Subject: S7-31-99

Sirs:
     
The distinction between "small" "large" "institutional" and "individual" 
investors is an artificial one.  One either invests in the stock/financial 
markets or doesn't.  The playing field should be level for all investors. 
There is absolutely no reason why commercial entities should receive 
advance "insider" information.
Accordingly we strongly support proposed rule S7-31-99.
     
Additionally, we think that "after market" trading is strongly detrimental 
to efficient trading since a small segment of participants can adversely 
skew results for the majority.  We have lost considerable sums because of 
"overnight" activity we were not privy to and hope the SEC will take 
appropriate action.
     
Joel & Elizabeth Wein
14 East Gate Road
Long Valley, NJ 07853
     
Private Investors