From: Fired Broker [firedbroker01@yahoo.com]
Sent: Monday, June 09, 2003 1:23 AM
To: rule-comments@sec.gov
Subject: Comment re SR-NASD-2002-168

Dear Sir,

I was fired from PaineWebber in 2001 because I told a group of my clients to sell 
"Enron", from their very concentrated Enron employee portfolio, in August that 
year. Enron management was the one who requested my termination. I am in the 
process of arbitration against PW trying to clear my name and hoping to get an 
expungement from my CRD. As I entered this industry I had pledged to serve my 
clients to the best of my abilities, without biases and influence from any 
unethical forces. I did my duty and suffered dearly. 

There is nothing can safeguard this industry except an individual's unshaken ethic 
that is the only element on earth can protect so many investors. There is no SROs 
will ever be able to exercise this highest order of protecting the general investing 
public without any undue pressure from the big brokerage firms. Yes, there are 
always good and bad brokers. However, being in the industry, I know as a fact that 
no bad broker can hurt his or her clients for a long time because an honest branch 
manager can detect such activities in a heart beat and prevent that from happening 
in a very short time. But the corruption starts from the top. We should all be honest 
with ourselves that this industry is full of greed, from corporate to individual 
branch manager. Their self-serving reasons could simply be more investment banking 
or stealing a book. Good honest brokers are terminated everyday for differen! t 
reasons and end up in ruins. SEC should give all brokers a fair and due process. 
Unproven allegations should be investigated fully before disclosing publicly. Do 
not wrong the honest ones ! Be fair and American !!!!!!!!!!
 
Thanks !



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