From: marv eatinger [marv@mitec.net]
Sent: Thursday, December 05, 2002 5:32 PM
To: rule-comments@sec.gov
Cc: neil.budde@wsj.com
Subject: SEC public comment concerning File No. S7-45-02

Attn: Jonathan G. Katz,
Secretary of the Commission
 
           Re: File No. S7-45-02





Dear SEC:
 
Public comment by Marv Eatinger to proposed addition of part 205 to 
17CFR is as follows:
 
Proposed new part 205 to 17CFR (Standards of Professional Conduct 
for Attorneys Appearing and Practicing before the Commission), that 
includes: "up the ladder" reporting, and "noisy withdrawal".
 
If the proposed new part 205 to 17CFR had been in place originally 
as part of the Standards of Professional Conduct for Attorneys 
Practicing before the Commission, the securities fraud violations 
(civil and criminal) concerning recently exposed public companies 
would probably have been stopped from moving forward! If you study 
the scheme perpetrated by two public companies (see posts on 
www.ragingbull.com by Virgule) you will see how this proposed new 
part 205 to 17CFR would have inhibited the Professionals approach 
to moving their scheme forward.
 
Sincerely,
Marv Eatinger
 
cc: Alan L. Beller, Senior Counselor to the Commission
Giovanni P. Prezioso, General Counsel to the Commission