Comments on Proposed Rule:
Selective Disclosure and Insider Trading
Release Nos. 33-7787, 34-42259, IC-24209, File No. S7-31-99
Author: "Wayne" at Internet
Date: 04/27/2000 2:06 AM
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TO: RULE-COMMENTS at 03SEC
Subject: Proposed Regulation FD: File No. S7-31-99
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Jonathan G. Katz
Secretary
The Securities and Exchange Commission
450 Fifth Street, NW
Washington, D.C. 20549
Re: Proposed Regulation FD, File No. S7-31-99
Dear Mr. Katz:
I fully support the spirit and intent of Regulation FD. If I were to use
selective disclosure, I could be prosecuted for insider trading.
Allowing institutions to collect investment information before the public,
should sound as despicable as the public getting investment information before
your broker does. Leveling the playing field is one way to look at it, but I
prefer to view it as equal economic opportunity and adherence to the Freedom of
Information Act.
Wayne D. Alldredge
Engineer
Allwayne@hotmail.com
Author: "Bodemuller; Bob" at Internet
Date: 04/27/2000 8:45 AM
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TO: RULE-COMMENTS at 03SEC
Subject: Proposed Regulation FD: File No. S7-31-99
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As an individual investor it makes no sense to think that Wall Street
analysts have a priority on company information. Selective disclosure only
benefits the analysts who can maintain power by withholding information and
does not benefit the investor or the economy. Through the Internet
information now flows freely. The economy, business and the investor have
all reaped the benefits of this. Why would you want to limit it??
Bob Bodemuller
Manager, ESSG Supply Chain Customer Quality & Relations
<<...OLE_Obj...>>
Phone: 281-514-3986
Pager: 713-903-8843
E-mail: bob.bodemuller@compaq.com
"There is only one boss: the customer. And he can fire everybody in the
company, from the chairman on down, simply by spending his money somewhere
else."
Sam Walton, founder of Wal-Mart
Author: Douglas Bradley at Internet
Date: 04/27/2000 8:28 AM
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TO: RULE-COMMENTS at 03SEC
Subject: Proposed Regulation FD: File No. S7-31-99
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Short and sweet: I would like to weigh in in favour of the proposed
change to force companies to disseminate more information. Thank you.
--
Douglas G. Bradley
Consultant - Analysts International
USWest 1314 DOTM - 8 Flr. Omaha, NE 68102
Phone: 402.422.3853 Fax: 402.422.2991
e-mail: dxbradl@uswest.com
Author: Bill Bramlett at Internet
Date: 04/27/2000 7:44 AM
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TO: RULE-COMMENTS at 03SEC
Subject: Proposed Regulation FD:File No. S7-31-99
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Pass this regulation, please.
Bill Bramlett
Author: Kevin Brown at Internet
Date: 04/27/2000 9:15 AM
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TO: RULE-COMMENTS at 03SEC
Subject: Proposed Regulation FD: File No. S7-31-99
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How can anyone think that the selective disclosures currently allowed for
delivery to a select few could ever be a fair aspect of the investing
community in the United States. After 13 years in public accounting,
including the joys of creating many SEC filing documents, I can not believe
this level of preferred information still exists. I invest my small
accounts as an individual, which gives me the ability to be better tapped
in to where my money is sitting. I should have access to the same
information as the other investors.... all of them.
Thank you for the opportunity to provide feedback on this very important
regulation.
Kevin E. Brown, CPA
Controller
Star Fuel Centers, Inc.
kbrown@starfuel.com
(913) 652-9400
Author: Enrico Cecchini at Internet
Date: 04/27/2000 11:34 AM
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TO: RULE-COMMENTS at 03SEC
Subject: Proposed Regulation FD: File No. S7-31-99"
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Date: 04/27/2000
Subject: "Proposed Regulation FD"
I urge you to change the rules to ensure fair disclosure in the marketplace
rather than selected disclosure as it now exists.
Thank you,
ENRICO CECCHINI
19 BLVD DE SUISSE
MC
Author: "SteveD" at Internet
Date: 04/27/2000 9:48 AM
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TO: RULE-COMMENTS at 03SEC
Subject: File # S7-31-99
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I purchased stock in my company from time to time on a regular basis when I
saved enough money to get the minimum. Then they went public " with out my
knowledge", and said the SEC wouldn,t allow me to purchase any more stock,
or it would be considered insider trading, which is not true, because the
management didn't tell us anything about the stock, except that one could
buy it if they wanted to after reading the information. So my family got
punished by SEC, and now SEC is going to let Wall Street give insiders the
oppurtunity to get in on the insider trading information ahead of the
public! This is a kick in the face for regular people, and is a double
standard. This is discrimination again, and shouldn't be legal by any
means, after all, 401k belong to regular people to, and we have a right to
that information also for our family futures. My family and I don't want
this passed in favor of Wall Street insiders, lets make it even and have
everyone able to get this info at the same time, the American way. Yours
truly, Steve Dardzinski
Author: at Internet
Date: 04/27/2000 9:47 AM
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TO: RULE-COMMENTS at 03SEC
Subject: Proposal reg FD: File No. S7-31-99
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Please!!!! Level the playing field and allow individual investors to receive
the same information given to Wall Street and at the same time.
J.B. Davis
113 Grandcove Lane
Oak Ridge, TN 37830
Author: Douglas DeGroote at Internet
Date: 04/27/2000 10:50 AM
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TO: RULE-COMMENTS at 03SEC
Subject: Proposed Regulation FD: File No. S7-31-99
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To Whom it may concern at the SEC:
Like many others, I have recently read with outrage the current SEC laws
which provide for the unfair practices of Wall Street brokerage firms
having greater access to information than the general public.
Author: Bob Delisle at Internet
Date: 04/27/2000 4:57 AM
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TO: RULE-COMMENTS at 03SEC
Subject: Proposed Regulation FD:File No. S7-31-99
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Let this be my say in this matter. Any regulation restricting
information cannot be a good, fair, or just one.
Robert P. Delisle
Author: "J Dwight" at Internet
Date: 04/27/2000 9:52 AM
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TO: RULE-COMMENTS at 03SEC
Subject: Proposed Regulation FD: File No. S7-31-99
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The move to allow and continue selective disclosure is not in the best
interests of the American Public, the markets as a whole and US markets in
particular. I strongly oppose such action, and would urge the SEC to
mandate the opposite. Full and timely disclosure is in the best intersets
of the American Public.
J Dwight
Dwight Investment Counsel
jdwight@ispchannel.com
Author: "Ferrans; Dianne D" at Internet
Date: 04/27/2000 8:40 AM
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TO: RULE-COMMENTS at 03SEC
Subject: Proposed Regulation FD: File No. S7-31-99
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Individual investors deserve the same information as the good-old-boys on
Wall Street. With the advent of the internet, there is no longer any excuse
not to disseminate information to all. Why should some, by law, be given an
unfair advantage?
Dianne Ferrans
Intergraph Corporation
ddferran@ingr.com
256-730-3666
Author: Al Fisher at Internet
Date: 04/27/2000 2:39 AM
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TO: RULE-COMMENTS at 03SEC
Subject: S7-31-99
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I am in favor of full disclosure to all investors at
the same time.
I am a small investor.
allan h. fisher
allfish2@yahoo.com
Author: "FOULKES NELSON" at Internet
Date: 04/27/2000 9:47 AM
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TO: RULE-COMMENTS at 03SEC
Subject: Proposed Regulation FD: File No. S7-31-99
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To Whom It May Concern,
I am all for the legislation that will make disclosure of information
fair
to all those who participate in our free market system.
Nelson Foulkes
Controls Engineer
Magna Interior Systems
Author: "Fullmer; Joseph" at Internet
Date: 04/27/2000 3:01 AM
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TO: RULE-COMMENTS at 03SEC
Subject: "Proposed Regulation FD: File No. S7-31-99"
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Dear Chairman Levitt,
I agree with you on this proposed regulation. In days
gone by, analysts and brokerages truly did perform a useful
service for people without the means for getting at the
necessary information to make educated investment decisions.
And they earned a pretty penny for that service, and perhaps
rightly so. But that day has passed. With the free flow of
information possible in this era with the advanced
technology available to investors, more and more are
becoming willing and able to stand on their own feet, and
make intelligent investment decisions based on facts and
information, rather than the opinion of reputed voices of
the analysts. Before, the analysts perhaps were good
shephards for their sheep, and the sheep followed the voice
of the masters whether to better or worse pastures. Today,
people no longer have to be sheep. They can be self-guiding
men and women who make their own decisions. Now is the day
of EveryMan, where everyone who will can be their own
analyst.
By continuing to allow the shephards of a time gone by an
upper hand, this restricts the ability of people to break
free from the mold of being good sheep, and becoming
shephards in their own right. This isn't just about 'Fair
Disclosure'. This is about allowing equal rights to all
citizens the ability to make their investment decisions
based on timely information rather than filtered opinion
based on privelidged access to information.
Of course Wall Street will oppose this. This is not from
altruistic intentions, any more than my support of this
proposed regulation is from altruistic intentions. It is
about the money. They want to protect their position to
continue to rake in the bucks from investors. The general
public however are now educated enough to use material
information to their advantage. The question here is what
is best for the public. I believe what is best is to allow
the public equal, timely access.
I Strongly Support Regulation FD!
Joseph Fullmer
Self-employed computer programmer.
Independent Investor.
Author: at Internet
Date: 04/27/2000 9:57 AM
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TO: RULE-COMMENTS at 03SEC
Subject: Proposed regulation FD File no. S7-31-99
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Dear Sirs:
I encourage you to pass this regulation as it is responsive to the changing
technologies and the changing awareness of the general population that
investing their money in the stock market is the path to financial security.
Many of these new investors are independent by nature or have had a less that
profiitable experience with a broker who was advised by an analyst. They
(meaning "we") would like to do their own research on the companies they are
considering investing in and only ask that they be given that appropriate
information to make a responsible decision. Seems fair to me and I applaud
you for recommending this regulation. It is truly the American way.
Sincerely, Pat Gann
Author: "Diana Gomez" at Internet
Date: 04/27/2000 6:26 AM
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TO: RULE-COMMENTS at 03SEC
Subject: Proposed Regulation FD:File No. S7-31-99
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SEC:
I apose the selective disclosure because Analyst are not the only smart
people watching the stock market, we need to be watching the analyst and
our own money. Analyst want to get into our pocket each time they
analyze a company by charging for their services when many of us would
rather do the analyzing ourselves.
Diana Gomez
Space Systems/Loral
Author: "Craig I. Hagan" at Internet
Date: 04/27/2000 5:14 AM
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TO: RULE-COMMENTS at 03SEC
Subject: Proposed Regulation FD: File No. S7-31-99
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I believe that public disclosure will improve
the system.
Craig Hagan
Author: Kurt Henize at Internet
Date: 04/27/2000 8:53 AM
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TO: RULE-COMMENTS at 03SEC
Subject: Proposed Regulation FD: File No. S7-31-99
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I am an individual investor with more than 1M in equity holdings;
I am all FOR the Proposed Regulation FD: File No. S7-31-99.
Freedom of Information is an important aspect of Freedom as defined in our
Constitution.
Please allow this great country to continue its great heritage.
Kurt Henize
Landmark Graphics Corp.
Austin Texas
Author: Penny Hughes at Internet
Date: 04/27/2000 2:37 AM
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TO: RULE-COMMENTS at 03SEC
Subject: "Proposed Regulation FD: File NO. S7-31-99
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The SEC has a responsibility to make information democratic. We
individual investors want and need the protection. With the Internet
more of us will be managing our own financial affairs. I resent the
insider advantage of the brokerage firm's analysts.
I expect the SIA to fight open information as it removes their protected
advantage. Full service brokers have ripped us off for decades with fat
commissions and privileged information on companies. Their
strangle-hold needs ended.
Thank you
Penny Hughes
2300 Camino De Los Artesanos
Albuqueque, NM 87107
Author: "Hulsey; Terry L." at Internet
Date: 04/27/2000 9:08 AM
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TO: RULE-COMMENTS at 03SEC
Subject: Proposed Regulation FD, file S7-31-99
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I don't have the skills nor time to write a lengthy, well
prepared report about this proposed regulation. However, I have read
numerous articles and comments about this. I am in strong favor of the
proposed regulation. I am an individual investor and feel that we as a body
are more "educated" and "street smart" than given credit for.
As the markets open up to more individual investors, thanks
to the explosion of on-line trading and self-service brokerage accounts, it
is more important than ever that information be allowed to flow freely and
quickly among market participants, to include individual investors. As an
individual investor, I have the majority of my retirement funds allocated to
individual stocks in my portfolio. In order to make the wisest decision
possible, it's vital that I have access to the same information at the same
time as the major brokerage firms' analysts do. Coupled with my own research
(thanks to the Edgar On-line system); earnings estimates and other
information currently disclosed selectively by some companies, could only
improve my research efforts.
Thanks for your proposal and for communicating your desire
to hear from the "masses".
Terry Hulsey : - P
Senior Engineer
The Southern Company
Author: "Thomas J Humphrey" at Internet
Date: 04/27/2000 9:51 AM
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TO: RULE-COMMENTS at 03SEC
Subject: Proposed Regulation FD: File No. S7-31-99
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I urge your support of the Proposed Regulation FD: File No. S7-31-99 to prohibit
selective disclosure.
This information should be available to ANY investor who is putting their money
in the market or wishing to make a buy/sell decision.
Thomas J. Humphrey
Principal Engineer
CMS Electric and Gas
Author: "Johnson; Eric" at Internet
Date: 04/27/2000 7:09 AM
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TO: RULE-COMMENTS at 03SEC
Subject: Fair Disclosure & Proposed Regulation FD: File No. S7-31-99
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Proposed Regulation FD: File No. S7-31-99
Please REQUIRE companies to make the same information available to the
general public as the Wall Street analysts. Although I DON'T make my living
as a trader, I do my own research and charting on stocks I own or am
interested in. Fair disclosure is just that..fair.
I understand the principal of a free market economy & if there is a
"priveledged class" status allowed to exist then that principal is severely
questionable.
Thanks for listening to my opinion.
Yours,
Eric L Johnson
Mechanical Designer
Communication & Power Industries Inc
811 Hansen Way Mail Stop B-450
Palo Alto CA 94303-0750
Voice: 650-846-3354
Fax: 650-852-9517
email: eric.johnson@mpp.cpii.com
Author: "Jones; Kathy" at Internet
Date: 04/27/2000 9:44 AM
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TO: RULE-COMMENTS at 03SEC
Subject: Proposed Regulation FD: File No. S7-31-99
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As an individual investor I am in support of fair disclosure. This will serve
to strengthen our economy and promote a truly open democratic marketplace. We
deserve access to the same information at the same time that the brokers and
analysts have access to it.
End selective disclosure!
Kathleen Jones
Richmond, VA
Author: "Rosalie Jones" at Internet
Date: 04/27/2000 10:08 AM
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BCC: RULE-COMMENTS at 03SEC
TO: at Internet
Subject: Proposed Regulation FD: File No. S7-31-99
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The Securities and Exchange Commission (SEC) is proposing to change the
rules that currently allow companies to give important information to Wall
Street analysts without simultaneously giving the news to the public at
large. This should not happen....everyone should have it or no one
should...
Rosalie M. Jones
Engineer, Ground Systems Support
(301) 474-1700
Rosalie.Jones@omitron.com
Author: "Linda C. Jones" at Internet
Date: 04/27/2000 10:03 AM
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TO: RULE-COMMENTS at 03SEC
Subject: Proposed Regulation FD: File No. S7-31-99
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I support new rules to combat selective disclosure of information by public
companies. Self-director investors need access to the same information that is
now provided only to selected securities analysts and institutional investors.
Linda C. Jones
11 Winter Avenue
Staten Island NY 10301
Author: Coletta Kemper at Internet
Date: 04/27/2000 9:37 AM
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TO: RULE-COMMENTS at 03SEC
Subject: Proposed Regulation FD: File No. S7-31-99
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All important financial information should be made available to the public.
I oppose changing the rules and limiting disclosure of company financial
information to the public.
Coletta I. Kemper
Council of Insurance Agents & Brokers
<<...>>
Author: Elizabeth Kieronski at Internet
Date: 04/27/2000 10:03 AM
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TO: RULE-COMMENTS at 03SEC
Subject: "Proposed Regulation FD: File No. S7-31-99"
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Dear SEC:
Stop selective disclosure. Support fair disclosure for all. People do
actually think for themselves..... it is what makes America a great country.
Sincerely,
Elizabeth Kieronski
Palisades Consulting Group Inc.
Author: "Mary Knoche" at Internet
Date: 04/27/2000 9:51 AM
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TO: RULE-COMMENTS at 03SEC
Subject: Proposed Regulation FD: File No. S7-31-99
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To Whom It May Concern,
Of course the public should have access to information about publicly traded
company at the same time as Wall Street analysts. Otherwise your promoting
insider trading for the analysts.
Sincerely,
Mary Knoche
Author: Andrea Libby at Internet
Date: 04/27/2000 9:31 AM
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TO: RULE-COMMENTS at 03SEC
TO: georgethecat@earthlink.net at Internet
Subject: Proposed Regulation FD: File No. S7-31-99
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I do not support the Securities and Exchange Commission's proposal
to maintain the current rules for disclosure. Information is the basis
on which objective, critical decisions about investments should be
made. What is the advantage in restricting its availability? Broad
access to accurate information, as proposed in regulation FD, is the
most equitable way to provide all investors with the opportunity to make
informed investment decisions. For to make an informed decision as an
investor will serve to strengthen the economy, allowing for a healthier
marketplace. Let the wealth of knowledge increase the wealth of the
market.
Andrea L Libby
North Conway, NH
Author: at Internet
Date: 04/27/2000 5:37 AM
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TO: RULE-COMMENTS at 03SEC
Subject: Proposed Regulation FD: File No. S7-31-99
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Gentlemen, I am opposed to any regulation which would limit the dissemination
of information to any and all interested parties. Such a rule is grossly
unfair since it could benefit one group to the detriment of another. I'm
surprised that this idea is receiving any consideration at all. Please do not
approve this measure. Thank you. Jeff Luellen
Author: at Internet
Date: 04/27/2000 9:46 AM
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TO: RULE-COMMENTS at 03SEC
Subject: Proposed Regulation FD: File No. S7-31-99
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To Whom It May Concern,
I would like to add my voice in support of providing unlimited
information to the individual investor. Some of the SIA's conclusions
regarding this proposed rule fly in the face of logic.
1. Allowing analysts access to certain information cannot possibly make the
markets more efficient or less volatile. Full disclosure would do just that
by allowing a full and free discussion of every company in the market.
2. Only analysts can ferret out negative information. What an unmitigated
load of dung that is. First of all, I can ferret out that information as
well as they can, and secondly, I'll use that information in my decision
making process. Have we ever heard "real negative" information from these
folks? No, duh!
3. Analysts can and should continue to provide the service they do to the
people who choose to listen. I don't, so I must have access to information.
Thank You,
Michael S. McCarthy
527 Glengarry Dr.
Geneva, IL 60134
Author: "McGee; John" at Internet
Date: 04/27/2000 10:17 AM
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TO: RULE-COMMENTS at 03SEC
Subject: Proposed Regulation FD: File No. S7-31-99
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I want to voice my support to stop selective disclosure. We live in a new
age, where information should be free and readily available to the public.
Who are your constituents... the public or Wall Street lobbyists???!
Thanks,
-John
John A. McGee, Ph.D.
Assistant Coordinator
Virginia Geographic Information Network
110 South Seventh Street, Suite 135
Richmond, VA 23219-3931
O: (804) 371-0255
Fax: (804) 371-2795
http://www.vgin.state.va.us/
Author: "Charles Mills" at Internet
Date: 04/27/2000 5:12 AM
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TO: RULE-COMMENTS at 03SEC
Subject: Proposed Regulation FD: File No. S7-31-99
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My name is Charles Mills, as private investor I request that the proposed
regulation for fair disclosure be passed as a requirement that all companies
give equal disclosure to the public investor. This is one thing that has
been overlooked for a long time and needs to be corrected. It has created a
very inequitable condition in the market place in favor of institutional and
broker operations. Please be concerned about the average investor,
something has to be done.
Charles C. Mills
Coconut Creek, FL
Author: "Nevin; Alex" at Internet
Date: 04/27/2000 9:23 AM
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TO: RULE-COMMENTS at 03SEC
Subject: Proposed Regulation FD: File No. S7-31-99
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To whom it may concern:
I support the Elimination of Selective Disclosure.
Deborah Nevin
6606 LBJ Freeway
Suite 223
Dallas TX 75240
Ph: 972 861 1346
Author: mtrider at Internet
Date: 04/27/2000 7:30 AM
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TO: RULE-COMMENTS at 03SEC
Subject: Proposed Regulation FD: File No. S7-31-99
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Any and all regulations that level the playing field for
individual
investors is not only necessary but the "right" thing to do.
Thanks
Danny G. Olson
Author: "James R. Ploszay" at Internet
Date: 04/27/2000 10:06 AM
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TO: RULE-COMMENTS at 03SEC
Subject: Proposed Regulation FD: File No. S7-31-99
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I would just like to say that I am FOR the proposed regulation FD: File
No. S7-31-99.
Thanks for your time.
Sincerely,
James R. Ploszay
Mechanical Engineer
Lockheed Martin Corporation
Naval Electronics & Surveillance Systems-Baltimore
2323 Eastern Boulevard; MP 54
Baltimore, MD 21220
410-682-3185
Author: "Ken Quick" at Internet
Date: 04/27/2000 9:29 AM
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TO: RULE-COMMENTS at 03SEC
Subject: Proposed Regulation FD: File No. S7-31-99
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Dear SEC,
I am (and have been for 17 years) an Individual investor. I applaud your
efforts to change the disclosure rules so that everyone gets the same
disclosure of publicly traded company information at the same time. I am
shocked that this is not now the case, and even more amazed that anyone could
mount a defense to keep the unfair disclosure rules in force. It seems to me
that full service brokers feel a need to give their larger investor clients a
jump on the small investors. Which may explain why these same large investors
are ready to take action at the moment the news is released to the rest of
us. I now feel cheated by these full service brokers as I reminisce about my
losses in the past.
Thank you for leveling the playing field.
Kenneth N. Quick
Author: at Internet
Date: 04/27/2000 10:20 AM
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TO: RULE-COMMENTS at 03SEC
Subject: Proposed Regualtion FD: File No. S7-31-99
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Dear Sirs,
In my opinion this is a rule that need to be implemented immediately.
Cletus G. Russell
Private Investor, (no company affiliation)
Author: "fshukis01" at Internet
Date: 04/27/2000 5:52 AM
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TO: RULE-COMMENTS at 03SEC
Subject: Proposed Regulation FD: File No. S7-31-99
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I feel complete public disclosure is in the best interests of ALL
investors,COMPLETE disclosure!
Frank F Shukis
Author: James Silva at Internet
Date: 04/27/2000 6:49 AM
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TO: RULE-COMMENTS at 03SEC
Subject: Proposed Regulation FD: File No. S7-31-99
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Please ensure that all investors are on a level playing field. Do away
with selective disclosure!
James Silva
12721 War Horse Street
San Diego, CA 92129
Author: at Internet
Date: 04/27/2000 9:27 AM
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TO: RULE-COMMENTS at 03SEC
Subject: Proposed Regulation FD: File No. s7-31-99
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I strongly support regulations that require disclosure to investors at the
same time analysts and others get information. Anne Steger
Author: "wlstrum1" at Internet
Date: 04/27/2000 9:59 AM
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TO: RULE-COMMENTS at 03SEC
Subject: Proposed Regulation FD: File No. S7-31-99
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I am absolutly opposed to maintaining the selective release of corporate
information to analysts ahead of the general public. Let's get into the 21ST
century and LEVEL THE PLAYING FIELD for individual investors.
Regards,
William L. Strum
Author: "Suitt Family" at Internet
Date: 04/27/2000 9:49 AM
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TO: RULE-COMMENTS at 03SEC
Subject: Proposed Regulation FD: File No. S7-31-99
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Isn't there a freedom of information act that has been enacted in the
government? If the government is now coming clean with all of it's formerly
"classified" documents, what is the harm in announcing information about a
company in a public forum? Why must it be kept to just "the analysts?" Since
the rise of the online trader, it seems to me that analysts would revel in the
fact that everyone is privy to the same information. That way they can prove
themselves as capable investors over your regular "Joe Shmoe" investor, and gain
more business. This nonsense of keeping everything hidden from the average
person is ridiculous. If anything, it leads fact to what some of us online
investors already think..."If I had access to the same information and
opportunity as a "professional" investor, who says I can't make the same if not
better decisions?" And maybe that's what the analysts are worried about with
this regulation. I say information is power, and the more of it you have, the
more power you hold over your investments. Now if we could just get the
government to let us handle our own retirement money...
Thank you,
Tom Suitt
Author: at Internet
Date: 04/27/2000 9:38 AM
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TO: RULE-COMMENTS at 03SEC
Subject: File S7-31-99
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Your proposed policy of allowing private disclosures by companies limited to
a few chosen organizations will lead to serious abuse by brokerage houses who
will unload their warehouse of stocks with soon to be released bad news on we
lucky individuals is a damned stupid move. I hope you will reconsider and
mandate open announcements oa all news to all internet sites. Contrary to
your evident belief, the average investor is far better equipped and
intelligent than you give us credit for being. We have a right to know what
affects our portfolio as soon as the manipulators do. The edge suppressing
such information can be easily recognized by the fact that 85% of the
portolio managers of domestic, 'diversified' funds fail to equal the
unmanaged index funds. I invest in narrowly focussed funds such as Fidelity
Select funds and have sufficient talents to know which industry is doing
well. I don't need any of your quality of protection in this regard.
Ben Thigpen
Retired but make a good living trading in funds that outperform the market
index by at least 2:1. By buying only those funds, I have averaged about 35%
compounded annual return for the past 12 years. Make funds disclose what
they are buying when they are buying--that would be a great service and even
the playing field a lot.
Author: "fnmbi" at Internet
Date: 04/27/2000 10:11 AM
Normal
TO: RULE-COMMENTS at 03SEC
Subject: Proposed Regulation FD: File No. s7-31-99
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I am completely in favor of Regulation FD being implemented. The marketplace
can handle it and consumers can also. It is unfair and presumptuous to give the
analysts an edge. Leaving things as they are will only be "pork barrel" for the
analysts as they try to hang onto their current positions and resist the
progress and dynamic changes taking place in the market.
Daniel Torre - Vice President - First
National Mortgage Banc, Inc. - Dayton,Ohio
Author: "Ling Vance" at Internet
Date: 04/27/2000 9:32 AM
Normal
TO: RULE-COMMENTS at 03SEC
Subject: Proposed Regulation FD: File No. S7-31-99
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I fully support full public disclosure. Investors can make their own
independent judgment.
Ling Vance
Author: "rockt" at Internet
Date: 04/27/2000 3:21 PM
Normal
TO: RULE-COMMENTS at 03SEC
Subject: Proposed Regulation FD: File No. S7-31-99
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I agree that this regulation should be put into action to have open access
to all investors of information relating to a company.
Robert C. Vear
Rock Trading
Author: Ryan Wagner at Internet
Date: 04/27/2000 10:19 AM
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TO: RULE-COMMENTS at 03SEC
CC: jesse.helms@helms.senate.gov at Internet
Subject: Proposed regulation FD: File no. S7-31-99
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Sirs:
Long overdue. The investing public has every right to information. Go
forward with this regulation.
Sincerely,
Henry Ryan Wagner II, Ph.D.
http://www.sec.gov/rules/0427b03.htm
