From: Steve Zaikowsky [mailto:steve@handinnov.com]
Sent: Wednesday, July 03, 2002 12:15 PM
To: 'rule-comments@sec.gov'
Subject: S7-24-02


SINCE WE ARE JUST NOW REALIZING THE FALL OUT OF A CULTURE OF ARROGANCE &
GREED & "DAMN THE INVESTOR", IT'S ABOUT TIME THE PUBLIC IS OUTRAGED OVER
WALL STREET'S MISDEEDS.

MY HOPES ARE THAT, IN A RUSH TO CORRECT THE PROBLEM, WE DON'T CONJURE UP NEW
RULES & REGULATIONS THAT PUNISH THE COMPANIES, THEREBY THE INVESTORS &
PAYING CUSTOMERS.  THE THREAT OF PUNISHMENT MAY BE A DETERRENT TO DISHONESTY
BUT, FINING THE CORPORATION IN LEIU OF THE INDIVIDUAL PERPETRATORS WON'T GET
TO THE HEART OF THE PROBLEM.

MAY I SUGGEST THAT THE CEO, CFO, CHAIRMAN OF THE BOARD AND THE ACCOUNTING
FIRM'S TOP EXECUTIVES SUBMIT SWORN STATEMENTS TO THE SEC WHEN FILLING THEIR
NUMBERS.  THEN WHEN IT COMES TO LIGHT THAT THE BOOKS HAVE BEEN "COOKED" THE
SEC CAN PROSECUTE THE INDIVIDUALS RESPONSIBLE AND DEMAND REPAYMENT, TO THE
COMPANY, OF ANY AND ALL WAGES, PROFITS AND BENEFITS THEY MAY HAVE ENJOYED
UNDER THEIR WATCH.

ONCE AGAIN:  CORPORATIONS DON'T DO ANYTHING WRONG...DISHONEST PEOPLE DO.