From: Michigan, Scott [Scott.Michigan@pseg.com]
Sent: Friday, December 19, 2003 4:03 PM
To: 'rule-comments@sec.gov'
Subject: File No. S7-27-03

SEC Rule Committee,

As a 401 (K) holder, I am outraged by the possibility that I may be blocked
from executing mutual fund trades for a portion of a trading day. This is no
solution! This perpetuates the original problem but in a different guise. If
the problem is after hour trading and the proposed solution is to limit the
ability of ordinary people to trade even more, how does that solve anything.


Technology has the ability to time stamp trades and you have the authority
to impose steep fines for violators. Please do the right thing.

Sincerely,


R. Scott Michigan

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