From: Michael R. Bertram [M.R.B@worldnet.att.net] Sent: Tuesday, April 23, 2002 5:13 PM To: rule-comments@sec.gov Subject: Rule requiring 2 day notice The rule requiring a 8K filing within 2 days is long over due. The only way to keep the playing field level is with fast information release. It will only work though if real teeth are put in the rule. Many companies & individuals now flaunt the law because there is no real penalty. They delay reporting until well after the deadline because the SEC doesn't impose meaningful penalties. Their attitude seems to be "Why not hide what you are doing - sure it will come out eventually but it will be old news by then and no one will act on it" The long time to report and the lack of penalties for not even meeting those reporting deadlines makes the SEC look ineffective. It also gives the appearance that the "Big Boys" can do what they want, when they want to, and there aren't any consequences. Sincerely, Michael Bertram 7 Ridgewood Pkwy W Denville, NJ 07834