From: Jim ganley [jim_ganley@yahoo.com]
Sent: Wednesday, July 03, 2002 12:40 PM
To: rule-comments@sec.gov
Subject: File No. S7-21-02; 

   If you’re going to require the Principle's of the
Company and the head of Finance for said company to
certify quarterly and annual reports.  Shouldn't there
be something to hit them with if they commit fraud?

I believe part of this rule should have he same
consequences as in the Anderson Case.  If a Public
Copies CEO was to sign/certify results and mislead the
shareholders.  There should be a big penalty, I
propose it be a 2-5 year suspension.  That is The Said
person involved in the Fraud should not be allowed to
work with or consult for a public company for a period
of 2 to 5 years.  No jail time, just good old economic
punishment.  

On the other side should Said person be found to be
working with or consulting for a Public Company,
during the time of the suspension?  The Company as
well as the individual should be fined.  The company
should then be required to disclose the nature of the
agreement with the individual and have its books
audited for a period not to exceed 5 years by the SEC.

                     James E. Ganley MBA/MIS
                     571 Hope Road
                     Blairstown NJ 07825

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