From: Chris Van Dyk [crvandyk@ix.netcom.com]
Sent: Saturday, July 13, 2002 1:21 AM
To: rule-comments@sec.gov
Subject: File No. S7-24-02. 


These rules are a political sham that will only provide more employment for bureaucrats and
lawyers.

We need fewer, simpler securities laws, easier to follow, that do not provide any illusion of
protection for investors.  Investors can, and should, make their own decisions, and be responsible
for them.  We don't need big brother watching out for us.

Financial statements are subject to fraud rules, pure and simple.

And more advertising by issuers of what their companies are about, financially, is what is needed.
Then the markets can self-correct.

Any fool could have seen world.com coming.  And there are plenty of laws already in place to deal
with them.

Making securities transactions more difficult, and capital harder to raise, is not the answer.  It
will simply make it more difficult for companies to form, and jobs to be created.

Chris Van Dyk
Chairman, Mylero Corporation
Bainbridge Island, Washington