From: NBurleigh@aol.com
Sent: Wednesday, February 04, 2004 1:33 PM
To: rule-comments@sec.gov.
Subject: RE:File No. S7-27-03
Jonathan G. Katz, Sec.
Securities and Exchange Commission
450 Fifth Street, NW
Washington, D.C. 20549-0609

Dear Mr. Katz,

I have always assumed that the job of the SEC was to protect the common stock holders.  All 
of my retirement funds are in mutual funds and I count on you to see that I get a fair 
chance to make as much as the large brokers do.

I do not understand how changing your closing time will keep cheating from going on.  
Enforcing your own rules seem to me to be the the best way to keep every thing fair.
Keep it simple is still the best way.  Punish the cheaters.

I truly am concerned as one of "the little people" who worked hard to assure myself of an 
adequate retirement only to be cheated out of it by the SEC not doing it's job.

                                                             Sincerely,
                                                             Nora Reed Burleigh
                                                             2683 G Road
                                                             Grand Junction, Co. 81506