From: Ken Tozier [kentozier@attbi.com]
Sent: Tuesday, June 04, 2002 10:31 AM
To: rule-comments@sec.gov
Subject: SEC rule 2520 (NASD-00-03 and NYSE-99-47)

SEC rule 2520 needs to be changed to allow smaller investors the same 
trading freedoms as wealthy investors. The wealthy already have numerous 
special privileges, they don't need any more. Rule 2520 essentially 
creates two separate stock markets, one for those who have $25,000 or 
more in their account and one for those who haven't yet reached the 
magic threshold.

In the over $25,000 stock market investors are allowed to buy and sell 
at will, they are allowed to buy on margin to the tune of four times 
their actual balance and there are no limits on how many trades they can 
make in a single day. This has huge benefits as they can take full 
advantage of the intra-day price swings.

In the under $25,000 stock market, investors are limited to 5 trades of 
a single stock in a given week and they are not allowed to buy on 
margin. There are no valid reasons for this schism to exist.

Please have someone look at this issue as rule 2520 creates a decidedly 
un-free market, a market heavily biased in favor of the wealthy, and 
that is not what the stock market is supposed to be.

Thank you,

Ken Tozier