From: Bill Williams
Sent: Friday, April 12, 2002 8:13 AM
Subject: Confused


I read in the 'Washington Post' (4.12.02), under (A Break for Web Based
Financial Adivisors) sub-title (SEC Proposes Rule That Would Allow Firms to
By-Pass Registration With States), page E5.  What are you folks
thinking?????  Less regulation on these people that float the ads that will
make you rich in a short period of time in today's environment of conflict
of interest?  It's insanity.  I suggest you read some these ridiculous
claims that come daily to million of investors via the Postal Service, and
cyber e-mail.  As one dummy who has lost substantial sums in market from the
likes of Michael Murphy and Sagami's Scientific Investing, to the SEC, I
plead, please, not less regulation.  You only encourage these so called
'financial advisors' to skew recommendations and information to investors
who learn slowly at the risk of losing retirement funds.  How about a
recommendation of Global Crossing which was the top of one of the 'financial
list'.  Now there's a hot tip.  Sure, I have finally learned my lesson, at
great loss I might add, but what about all those who have not?  You guys at
the SEC need to continue and tighten your oversight.  This is not a
complaint against the two financial advisors named, since I no longer deal
with these people, have learned an expensive lesson, and have no desire to
get wound up in some kind of litigation.  I have no funds left for that.  My
only purpose in sending this is to alert you folks that there is a problem,
if you don't already know.