From: Gary Cox [ghc@safco1.com]
Sent: Monday, July 01, 2002 4:08 PM
To: rule-comments@sec.gov
Subject: File No. S7-21-02

I would like to comment on the proposal before you on 
Certification  of Disclosure:
 
 
First I would like to say   "Its about time the SEC did something !"   
 
I believe this proposal would require the principal executive and 
financial officer's to be more involved in the integrity of their 
reports and help achieve the desired effect.    When I certify a 
document, like writing a check on our bank account,   I am very aware 
of my commitment.  It will  certainly help.
 
I believe this proposal will also help improve the quality of the 
quarterly and annual reports
 
Investors today are very, very, very nervous about the quality of 
published corporate  financial data.  Any change to increase 
responsibility or tie responsibility to individuals will begin to 
calm investors.    We need a lot of calming right now.
 
 
 
In the proposal it is stated that  compliance is mandatory.  That 
is just GREAT!
 
 
What is lacking in your proposal is the consequences to the certifying 
individuals for violations.   Everyone I know  is asking why the top 
people at Enron are not in JAIL.   
 
If this certification proposal will do that, I sure did not see it.    
 
Lets put some teeth in this for noncompliance.
 
Gary Cox
VP Materials Management
The Safco Corporation