at Internet
Date: 04/25/2000 1:25 AM
Normal
TO: RULE-COMMENTS at 03SEC
Subject: Proposed Regulation FD
------------------------------- Message Contents
TO: SEC CHAIRMAN LEVITT
I favor the proposed elimination of selective disclosure as it relates to the
dissemination of pertinent information by publicly-owned companies.
As individual investors (myself), investment clubs, and other similar groups
become increasingly sophisticated in our research methods and investment
decisions, we should be entitled to receive the same level of information on
the same timely basis that any institutional firm or brokerage organization
might receive from public companies regarding their financial status,
anticipated trends and corporate events. A well-informed market place can be
extremely beneficial to everyone involved in trading securities, and should
lead to a continuing healthy economy. "Well informed" requires the inclusion
of all who might share ownership in public corporations--the individual, the
investment group or club, the online investor, the institutional investors,
the large brokerage firms, and the public, alike. Anyone who has a stake in
the success of a publicly-traded company deserves to have timely relevant
information available for analysis. I look forward to the adoption by the SEC
of this essential and important policy for information disclosure.
Thank you for your attention to my note.
Cordially,
Bonnie Kellogg
Individual Investor (and researcher)
Author: at Internet
Date: 04/25/2000 1:29 PM
Normal
TO: RULE-COMMENTS at 03SEC
Subject: full disclosure
------------------------------- Message Contents
As a novice invester and the research that I do, I hope sincrely that all the
information is there for the asking. That is the American way. I fully
object to selective disclosure. Please don't let the lobbiests sway your
fairness to the majority of the people.
Sincerely yours,
Joan J. Kennedy
JodyK2@hotmail.com
Author: Norma Kessler at Internet
Date: 04/25/2000 7:03 PM
Normal
Receipt Requested
TO: RULE-COMMENTS at 03SEC
Subject:
------------------------------- Message Contents
Proposed Regulation FD:File# s7-31-99
I am in favor of letting all have equal access to stock information.
Norma Kessler
Author: at Internet
Date: 04/25/2000 2:45 AM
Normal
TO: RULE-COMMENTS at 03SEC
Subject: Stop Selective Disclosure
------------------------------- Message Contents
I am in favor of the SEC changing the rules so that the public at large
will be given the important information that is given to Wall Street analysts.
I feel the individual investor deserves to receive this news at the same
time as the analysts, and that they be given the information directly from
the companies involved, not from an analysts that might have conflicting
interest.
Investors need all of the facts in a timely manor in order to make their
investment decisions.
Thank you for your consideration of this matter.
Betty Mae Killeen
Author: frank kuehnl at Internet
Date: 04/25/2000 10:51 PM
Normal
TO: RULE-COMMENTS at 03SEC
Subject: LEVEL PLAYING FIELD
------------------------------- Message Contents
Gentlemen:
Stick to your belief in equal access to information. It is much better
than "we are equal but some investors are more equal than others".
Frank Kuehnl
fkuehnl@hotmail.com
Author: "eddie kulatilake" at Internet
Date: 04/25/2000 9:20 AM
Normal
TO: RULE-COMMENTS at 03SEC
Subject: Proposed Regulation FD:File No.57-31-99
------------------------------- Message Contents
DearSirs, It is unfair and unjust to release market information only to the
previleged few in Wall Street and there abouts. Thanks. E.Kulatilake
Author: at Internet
Date: 04/25/2000 11:15 AM
Normal
TO: RULE-COMMENTS at 03SEC
Subject: Proposed Regulation FD: File No 57-31-99
------------------------------- Message Contents
I support legislation to curtail selective disclosure. The is no
room for
WHISPER NUMBERS.
Charles LaBuwi
Author: Frank Lamb at Internet
Date: 04/25/2000 3:45 PM
Normal
TO: RULE-COMMENTS at 03SEC
Subject: Level playing field
------------------------------- Message Contents
I do not condone legalized insider tradeing
Author: "Larry & Marilyn Larsen" at Internet
Date: 04/25/2000 12:46 AM
Normal
TO: RULE-COMMENTS at 03SEC
Subject: Proposed SEC Rule on Full & Complete Public Disclosure
------------------------------- Message Contents
Or "Proposed Rule to Prevent Selective Disclosure"
What is the most interesting two things that I discovered when I just
finished 3 hours of reading four "Comments by the Brokerage Community" and
over 250 "Comments by Individual Investors" on the proposed rule:
(1) The Brokerage Community is incapable of writing to the SEC in anything
less than 25 pages of gobbledegook in each submission and every submission
is similar!
(2) Almost every single one of the 250 comments by the Individual Investors
are unique, short, to-the-point, and understandable! (and yet these are the
people whom the Brokerage Community insists are too stupid and so uninformed
that the Proposed Rule is not needed because they need the protection and
intelligence afforded by the Brokerage Community!!)
Arnold L. Larsen
llarsen@pressroom.com
Author: "Larry & Marilyn Larsen" at Internet
Date: 04/25/2000 12:25 AM
Normal
TO: RULE-COMMENTS at 03SEC
Subject: Selective Disclosure Rule Changes
------------------------------- Message Contents
I am a small-time ($170K portfolio) individual investor not affiliated with
any segment of the brokerage/investment industry.
I strongly urge the SEC to adopt the clearest and most stringent rules
possible to prevent, prohibit, and punish publicly traded companies from
selectively releasing ANY INFORMATION to brokerage analysts representing all
or part of the industry.
Such information can be released only via (1) normal SEC filings, (2) press
releases available to all members of the public via the internet either on
the company's personal home page, or lacking that capability, to an internet
service provider paid by the company to maintain a listing of such releases,
and (3) publicly available teleconference calls.
Many companies, even relatively small ones that I currently invest in, use
public conference calls to announce, discuss, and answer questions from major
brokerage firms and/or investors who have pre-registered with the company.
But ANY member of the public or ANY investor in that company, can "listen in"
to those teleconferences, which are set up and announced by press releases
well before the intended call. While I have personally never tried to "talk"
or "ask questions" on such teleconferences, I would imagine that I would have
difficulty unless I owned say (for argument's sake) at least one percent of
the company's stock or unless I was an analyst representing a major fund or
brokerage with "significant" stock in the company (again, say 1% for
argument's sake).
Recognizing that there are very FEW REPUTABLE analysts in the United States
that DO NOT own stock in these companies, DO NOT lend money/do not do
secondary offerings/do not do IPO's for the companies they arte "rating" --
then the SEC should have another rule that allows any analyst to be
pre-registered with the SEC and to so file statements that would declare the
absense of Conflict of Interest. Ha - I should live so long!
Arnold L. "Larry" Larsen, Jr.
llarsen@pressroom.com
Author: at Internet
Date: 04/25/2000 11:59 AM
Normal
TO: RULE-COMMENTS at 03SEC
Subject: proposed regulation file #s7-37-99
------------------------------- Message Contents
Dear Sir:
I think I should get the good or bad corp. news along with the big boys on
wall street why should they be able to profit before the small fry, its
America all should be equal not some more equal than others.
Yours Truly Gilbert Larson
Author: at Internet
Date: 04/25/2000 8:10 PM
Normal
TO: RULE-COMMENTS at 03SEC
Subject: Re: Proposed Regulation FD:File No. 57-31-99
------------------------------- Message Contents
My earlier comments were from:
LeRoy LaRue
PO Box 3782
San Rafael, CA 94912-3782
Thanks
Author: John & Kelly Latshaw at Internet
Date: 04/25/2000 4:25 PM
Normal
TO: RULE-COMMENTS at 03SEC
Subject: "Proposed Regulation FD: File
------------------------------- Message Contents
Dear Sirs/Madams:
RE: Fair Disclosure of Information.
I am an individual investor who also helps others find & invest in
various stock products. I am for equal public disclosure, against
insider trading and 'selective disclosure' of information to a 'select
few' so called 'analsyts'. I am NOT an 'analyst', but I do read the
stock reports, news releases & similar things from internet &/or
mailings about companies I am interested in investing in.
I do make my own judgments & investments, especially after the last 3
'analyzed investments' from a 'respected brokerage' nearly broke my
wallet. The 'company' made their money 2X, once from their investments
@ a lower price, 2 from a sale & fees & commissions on the sale to me.
I lost more on those investments than I made on 3 good ones [purchases
that prospered - @ least sort of] with the same investment company.
The 3 stocks I studied, picked & bought @ the same time AGAINST their
advice have prospered & done very well compared to a loss from $4.50/
share purchase price to $00.004/ share, [this is on 1 stock only]
current value, and to add insult to injury they want to charge me to
sell it. This is an ANALYST/ADVISOR??? Lets DO level the playing field,
give me the same information on companies I wish to research as you do
the 'analysts'. I may not do as well as SOME of them, but darned if I
can't do better than some of the 1's I've been associated with over the
last 6 years.
Oh, yes, I am now also buying on line & through Direct Stock Purchases,
I no longer use the 'ANALYSTS', & if I could get my IRA's away from
them w/o having to pay brokerage fees to sell everything in them I would
have closed all my accounts with them long ago.
Sincerely,
John A. Latshaw, Individual Investor, Ardent reader & follower of the
Motley Fool.
Author: "janet laytham" at Internet
Date: 04/25/2000 7:40 PM
Normal
TO: RULE-COMMENTS at 03SEC
Subject: S7 31 99
------------------------------- Message Contents
This is democracy - having the opportunity to comment on the proposal to put an
end to the 'old boy' custom of selective disclosure. It may have had it's place
at one time. But people today are taking responsibility for making their own
investment decisions based on pertinent information that has become more timely
and accessible. As an investor I believe I have the same right to the same
information at the same time as a middle man. To continue the status quo would
be discriminatory.
Janet White Laytham
Arlington, Virginia 22205
Author: "Hillis Leak" at Internet
Date: 04/25/2000 3:06 PM
Normal
TO: RULE-COMMENTS at 03SEC
Subject: Fair disclosure
------------------------------- Message Contents
A legitimate securities firm or business has absolutely no reason to conceal
their operations to the public. Especially a company like Primerica where
the commodity is the person whom they recruit.
Author: "JBLintampa" at Internet
Date: 04/25/2000 12:05 PM
Normal
TO: RULE-COMMENTS at 03SEC
Subject: Discrimination Against Investors and Stockholders
------------------------------- Message Contents
I am very much in favor of the fair disclosure rules.
I cannnot believe that the SEC wound even consider continuing rules which
discriminate against the public --- the investors and shareholders of America
--- in favor of protecting the rich and powerful brokerage houses.
Jane B.Liggett
Author: Byron Lemmond at Internet
Date: 04/25/2000 5:50 PM
Normal
TO: RULE-COMMENTS at 03SEC
Subject: Proposed Regulation FD
------------------------------- Message Contents
As an individual investor, I support the SEC's
position against selective disclosure. Equal
disclosure for all supports a healthy market and fair
treatment for small individual
investors ( like me ).
Thank you
Byron Lemmond
lemmondbyron@yahoo.com
=====
Byron
lemmondbyron@yahoo.com
__________________________________________________
Do You Yahoo!?
Send online invitations with Yahoo! Invites.
http://invites.yahoo.com
Author: Jim Lester at Internet
Date: 04/25/2000 8:09 AM
Normal
TO: RULE-COMMENTS at 03SEC
Subject: Regulation FD
------------------------------- Message Contents
I am in favor of proposed regulation FD which would force the public
disclosure of information on public companies and end the practice of
disclosing pertinent information on public companies only to selected
analysts.
Author: "m&m" at Internet
Date: 04/25/2000 11:30 AM
Normal
TO: RULE-COMMENTS at 03SEC
Subject: fair disclosure of company information
------------------------------- Message Contents
Dear SEC,
I wholeheartedly applaud your investigation into the fairness of the current
disclosure policies of company business information. Wall Street should not
have exclusive access to company data; it should be made public.
Please stop selective disclosure! Thank you for your attention to this
important matter.
sincerely,
Robert Lindholm
Author: at Internet
Date: 04/25/2000 9:28 PM
Normal
TO: RULE-COMMENTS at 03SEC
Subject: FAIR DISCLOSURE
------------------------------- Message Contents
Please consider this letter as support for the SEC fair disclosure proposal
now in a public comment period. Staton Lorenz, President, Half Mile
Motorcycle Race Corp.
Traverse City, MI 49685.
Author: at Internet
Date: 04/25/2000 5:17 PM
Normal
TO: RULE-COMMENTS at 03SEC
Subject: Proposed regulation
------------------------------- Message Contents
Proposed Regulation FD: File NO.S7-31-99
I am requesting that the government allow the general public to receive
information, that is currently being given to only a few "investors." You
have the power to break the glass ceiling!
I Thank you in advance.
Rita Lott Oakson64@aol.com
Author: "Frank Louvado" at Internet
Date: 04/25/2000 9:39 AM
Normal
TO: RULE-COMMENTS at 03SEC
Subject: Proposed Regulation FD: File No.
------------------------------- Message Contents
I agree with the proposed regulation. We're all created equal, right? Level
the playing field for everyone.
Frank
Author: at Internet
Date: 04/25/2000 11:27 AM
Normal
TO: RULE-COMMENTS at 03SEC
Subject: Proposed Regulation FD File No. 57-31-99
------------------------------- Message Contents
Proposed Reg. FD File # 57-31-99
IT is past time for "Full disclosure." Please SEC do not listen to the
arguments of SIA and friends. Let the SEC go down in history for "Stock
Market Reform, Investor Suffrage."
We work, pay taxes, vote, raise families, buy insurance, an even can read
food labels. We are encouraged to take care of our retirement. But WE ARE
TO STUPID to understand the market data. Then why do we get it 12-48 hours
after everyone else?
Please RIGHT this WRONG. Thank You Eric Marggraff
Author: at Internet
Date: 04/25/2000 1:39 PM
Normal
TO: RULE-COMMENTS at 03SEC
Subject: Proposed Reg. FD File # 57-31-99
------------------------------- Message Contents
SEC please, level the playing field. Abolish "selective disclosure." It is
long over due, that voters/investors, are kept at a disadvantage.
Thank You Norman Marggraff
Author: Helene Marion at Internet
Date: 04/25/2000 10:48 AM
Normal
TO: RULE-COMMENTS at 03SEC
Subject: Proposed
------------------------------- Message Contents
I am writing in support of Proposed Regulation FD: File No. S7-31-99.
The proposed regulation does not give individual investors information
that professional analysts do not have. It simply gives us public
information that the public has not had, at least not in a timely fashion.
To uphold an artificial advantage for a privileged few certainly is not in
the tradition of our democracy. More importantly, by allowing everyone
to see outdated "insider information" actually gives the non-professional
investor misleading information, while only the professional analyst knows
that it is misleading because he/she has more current information.
Knowing a "secret" should not be the sole basis of a "professional."
If an analyst cannot do more than I with this knowledge, they do not
deserve payment; they are not professional.
Like most investors, I am an educated adult, and though I have been
investing in the stock market for a relatively short time, my record
surpasses
that of most analysts in the news media because I educate myself and have
no hidden agenda. Wall Street analysts who oppose this legislation are
analagous to train engineers opposing airplanes. Please enact this
proposal.
Thank you.
Helene Marion
Pittsburgh, PA
Author: "R. Marks" at Internet
Date: 04/25/2000 9:02 AM
Normal
TO: RULE-COMMENTS at 03SEC
Subject: Stop Ripping Me Off
------------------------------- Message Contents
I'm tired of big business getting financial advantages I dont get. Why
should they have the right to buy and sell on prefered info? Why should
I loose money to pay for there Roll Royces and Jags? Why should I have
to pay for there mansions? I pay the same taxes and expect the same
rights as anyone else in this country.
If the SEC, government, wants to lower my tax rate, then we might have
some equality here.
The fact that you need to make a rule just to give me equality, really
makes me mad.
Please put this rule into effect.
Richard Marks
PS. I'm tired of government of the money, for the money and bought buy
the money.
Author: "Tom McCauley" at Internet
Date: 04/25/2000 12:20 AM
Normal
TO: RULE-COMMENTS at 03SEC
Subject: Need to have same rules as Canada
------------------------------- Message Contents
check out www.sedar.com. all citizens get an equal voice..TC
Author: at Internet
Date: 04/25/2000 8:22 AM
Normal
TO: RULE-COMMENTS at 03SEC
Subject: Proposed Regulation File Number 57-31-99
------------------------------- Message Contents
Dear Sir:
As an individual investor, I want a level playing field with the WallStreet
Investors.
Rose Mary McMahen
15390 Morris Drive
Coden, AL 36523
Author: "Timothy McMuldren" at Internet
Date: 04/25/2000 8:10 PM
Normal
TO: RULE-COMMENTS at 03SEC
Subject: proposed regulation fd 57-31-99
------------------------------- Message Contents
The public at large should receive important information at the same time as
wall st reps
Author: Steven Merchant at Internet
Date: 04/25/2000 1:12 PM
Normal
TO: RULE-COMMENTS at 03SEC
Subject: Proposed Regulation FD: File No.
------------------------------- Message Contents
I am writing to argue against the selective disclosure law. The
information that is disclosed to Wall Street is public. Therefore, no
restrictions or barriers should exist to prevent ANY person from
obtaining that information. As an investor I am appalled. You are asking
me to invest my money in an institution that will then turn around and
deny me access to certain information. It is the investors right to have
access to any and all information made public by a company. Essentially
the investment of their money is payment for services such as these. In
the end it really shouldn't matter to Wall Street. I highly doubt the
majority of investors are going to take such information and run with it.
Instead, some people won't even know what the information means, others
will still consult with their brokers and a small percentage may use the
information without the aid of a broker. In the end, most people do not
have the time to play professional broker along with everything else they
have going on in their lives. So what is Wall Street so afraid of?
Thank you,
Steven D. Merchant
Author: Steven Merchant at Internet
Date: 04/25/2000 1:12 PM
Normal
TO: RULE-COMMENTS at 03SEC
Subject: Proposed Regulation FD: File No.
------------------------------- Message Contents
I am writing to argue against the selective disclosure law. The
information that is disclosed to Wall Street is public. Therefore, no
restrictions or barriers should exist to prevent ANY person from
obtaining that information. As an investor I am appalled. You are asking
me to invest my money in an institution that will then turn around and
deny me access to certain information. It is the investors right to have
access to any and all information made public by a company. Essentially
the investment of their money is payment for services such as these. In
the end it really shouldn't matter to Wall Street. I highly doubt the
majority of investors are going to take such information and run with it.
Instead, some people won't even know what the information means, others
will still consult with their brokers and a small percentage may use the
information without the aid of a broker. In the end, most people do not
have the time to play professional broker along with everything else they
have going on in their lives. So what is Wall Street so afraid of?
Thank you,
Steven D. Merchant
Author: robert mifflin at Internet
Date: 04/25/2000 6:54 AM
Normal
TO: RULE-COMMENTS at 03SEC
Subject: "Proposed Regulation FD: File No 57-31-99
------------------------------- Message Contents
Dear Sir; As an American I recommend that the proposed regulation for
fair disclosure be pased as a requirement for all companies do give equal
disclosure to the public Investor. We all work hard for our investment
monies and just want a FAIR chance to better our American way of life for
self and Familiy, Respectfully, Robert H. Mifflin, MGYSGT USMC Retired.
Author: "Victor Miller" at Internet
Date: 04/25/2000 12:04 AM
Normal
TO: RULE-COMMENTS at 03SEC
Subject: Proposed Regulation FD: File 57-31-99
------------------------------- Message Contents
Please enact regulations that will guarantee all investment information is
made available to all public sector and not just selected analysts.
Victor C. Miller
Mesa Enterprises
Author: Art Miranda at Internet
Date: 04/25/2000 12:06 PM
Normal
TO: RULE-COMMENTS at 03SEC
Subject: RE; For a Level playing field!
------------------------------- Message Contents
Dear Sirs;
I'm against selective disclosure and allowing companies to give
important information
to Wall Street analysts without simultaneously giving the news to
the public at large.
Do NOT change the current rules, Please.
Art Miranda
