From: Jeff's Mail [goldminr@verizon.net]
Sent: Saturday, August 11, 2001 4:41 PM
To: rule-comments@sec.gov
Cc: 'Jeff's Home'
Subject: New Rules

Hi,
 
1) I am not in agreement with your upcoming Margin 25K minimum rule. 
This does not allow the "poorer" trader an equal opportunity to pursue
a career in trading which violates his "right to pursue happiness" as 
a day-trader. Rather, it limits and interferes with the small traders 
ability to capitalize on the market and is more favorable to the big 
institutions which are obviously supporting this rule. 
 
Further, I am going to do everything in my power to promote a class 
action lawsuit to recall this law.
 
2) Millions of people have been following the advice of the analysts 
over the past bear market and have lost millions of dollars based upon 
their advice. Now its' being uncovered that the analysts have had 
alterior motives to promote stocks which they are selling. To me that 
is outright fraud. 
 
It's my understanding that most of the analyst have been under threat 
of losing their positions if they don't bring in money--which certainly 
doesn't include putting sell recommendations out to their "small" time 
clients.
 
What is the SEC doing to prevent this from occurring? Are you going to 
just slap them on the hand, fine them, or just make new laws so they 
have to find other ways to take the investors money? Are we going to 
get some of our money back from these fraudulent actions? 
 
3) Many fund managers buy and sell stocks at the end of the reporting 
quarter to do some "window dressing". These activities have to be one 
of the biggest scams--along with their buy ratings--I've ever seen to 
"mislead" potential investors considering investing in one of the funds.
How can you let this happen?
 
 
Jeffrey Miller
1611 Lagoon Lane
Oxnard, CA 93030