Date:  April 12, 1999
Re: file # S7-8-99
From:  Richard W. Hunt, CEO of Network 1 Financial Securities, Inc. 
To:  Jonathan G. Katz, Secretary SEC
Via:  E-Mail
     
Network 1 Financial Securities, Inc. strongly objects to the current 
wording or proposal.  This maybe throwing the baby out with the bath 
water.  Firms large and small have been able to take care of clients' 
needs long before there were computers.