From: Wayne G. Reed Date: August 7, 2000 To: rule-comments@sec.gov Subject: Proposed Regulation FD: File No. S7-31-99 As an individual investor, I am writing to ask that you put an end to the patently unfair practice of allowing publicly traded companies to disclose information to small groups of analysts, rather than equial disclosure to the public at large. Passage of this regulation will allow me as an individual investor a level playing field with the big brokerages on Wall Street. There are more individual investors today than ever before and the number of them keeps growing. Despite their opposition to this rule change, there are no arguments strong enough to support the large brokers' position that they should retain any privileged position with regard to material information about publicly traded companies. I urge you to pass this regulation as soon as possible. Sincerely, Wayne G. Reed