From: Alex van Deelen [avdeelen@wanadoo.nl]
Sent: Monday, January 05, 2004 7:22 AM
To: rule-comments@sec.gov
Subject: Rule 2520 (SR-NASD-00-03 and SR-NYSE-99-47)

Hi,

I would just like to take this opportunity to state what I think of Rule
2520.

People should be free to trade whatever and however often they like.
It is not to the government to protect the speculating public from their
own judgment. Fraud, yes, unclear regulation, but not against capitalist
endeavor.

Rule 2520 forces people to trade more money than they feel comfortable
with depositing at a broker, and is likely to force them to borrow to be
able
to daytrade at all.

Surely this can not be the kind of "protection" of the investing public
the SEC or NASDAQ had in mind?

I don't think daytrading is inherently more dangerous than any other
form of trading. However, it suits many individual's personality
to be able to enter and leave positions rapidly.

I would like to propose to make it possible to daytrade cash accounts,
without the delay in settlement that the SEC demands. Or daytrade
margin accounts under $25,000 with less leverage (say, 2:1 or
1.5:1).


Yours sincerely,

Alex van Deelen
The Hague