Date:    12/17/1999  7:46 PM

Subject: Level Playing Field
 
Arthur Levitt, Chairman
Securities Exchange Commission
     
Re: Selective Disclosure
     
Congratulations to the SEC for addressing an issue all too evident to the little
guy struggling to get timely information about companies' finances and upcoming 
actions at the same time some favored brokers and institutional investors do. I 
thought there was little hope for anyone doing something about this obvious but 
heretofore unaddressed issue. Someone has finally told the emperor about his 
clothes. It is the most frustrating situation to be faced when attempting to 
research companies in order to make an investment only to find in many cases 
your hunch was correct but too late now to afford to invest because the 
company's stock  price had jumped dramatically. It's a patently unfair 
circumstance not to be tolerated. Thank you for addressing the problem. I 
applaud your work. Stick with your position. Best of luck in your effort to beat
the lobby that will undoubtedly oppose your effort to enact new rules.
     
I am willing to correspond with my congressional delegation from New Jersey to 
support your work, if necessary. An email message will set my support in motion.
     
Lloyd Newbaker