Comments on Proposed Rule:
Selective Disclosure and Insider Trading
Release Nos. 33-7787, 34-42259, IC-24209, File No. S7-31-99
Author: "Edward Bent" at Internet
Date: 04/25/2000 7:48 PM
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TO: RULE-COMMENTS at 03SEC
Subject: Proposed Rule FD: File #S7-31-99
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I am in favor of leveling the information playing field by allowing equal
access to all investors - large AND small!!
Please approve Proposed Rule FD: File #S7-31-99.
Thank you,
Ed Bent
Author: "E. Boling" at Internet
Date: 04/25/2000 10:44 PM
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TO: RULE-COMMENTS at 03SEC
Subject: Proposed Regulation FD: File No. S7-31-99
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Selective disclosure must be stopped.
-Ed Boling
Author: at Internet
Date: 04/25/2000 10:42 PM
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TO: RULE-COMMENTS at 03SEC
Subject: proposed regFD: File #S7-31-99
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Of course you should make it fair for the small investor! Enact this NOW!
Sincerely, Lawrence Brown, 4870 Westfield Dr., Manlius, NY 13104
Author: bilave@network-one.com (Bill Butler) at Internet
Date: 04/25/2000 9:46 PM
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TO: RULE-COMMENTS at 03SEC
Subject: Proposed Regulation FD: File No. S7-31-99
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Dear Sirs:
I want a level playing field to investing.
thank You,
Bill Butler
Author: "Ron Capel" at Internet
Date: 04/25/2000 10:53 PM
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TO: RULE-COMMENTS at 03SEC
Subject: "Proposed Regulation FD: File No. S7-31-99"
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Dear Mr... Katz,
Please add my name to the number on individual investors who strongly favor
approval to the proposed "Regulation FD: File No. S7-31-99."
As an individual investor, I make my own financial decisions. I accept the
responsibility of my actions. However, I always assumed that the playing field
was reasonably level. I am appalled to learn that companies can legally
privilege analyst with material information.
The free flow of information will benefit markets not hurt markets. Material
information must not be privileged. Release material news to all stakeholders at
the same time. It is up to market dynamics to determine the long and short term
impact of the news on the equity. In the end, after all the number crunching is
done, an equity is worth what one will pay for it.
Ron Capel
668 Biscoe RD
Troy, NC 27371
Author: "Clint Cathcart" at Internet
Date: 04/25/2000 9:24 PM
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TO: RULE-COMMENTS at 03SEC
Subject: Proposed Regulation FD: File No. S7-31-99
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Dear Sir:
I am writing to express my approval of proposed regulation FD: File No.
S7-31-99.
It is time to end selective disclosure. The analyses coming from the
brokerage houses' securities analysts fit the description more of
"propaganda" than that of "information". This is in large part due to the
practice of selective disclosure. With the advent of the internet and the
new millenium, the individual investor deserves access to free and
plentiful information.
Thank you for your consideration in this matter.
Clint Cathcart
828 Third Ave East
Kalispell, MT. 59901
cathcart@cyberport.net
Author: "Bob Cecil" at Internet
Date: 04/25/2000 10:41 PM
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TO: RULE-COMMENTS at 03SEC
Subject: Proposed Regulation FD: File No. S7-31-99
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In this day and age analysts are totally redundant! With millions of people
trading on-line and communicating their ideas in public forums, statistically
you will get the best and brightest discussing facts and figures in every given
minute of the day. Lesser skilled individuals have free access to these
discussions and learn a great deal, no one forces them to follow anyones ideas
but over time they find people they can trust. They don't need to be protected
by anyone. We do not need a group of elitists to show us the way. Let them join
the ongoing discussions with everyone else. If they are as good as they think
they are people will follow their advice anyway. Many of them already do this
sort of thing. The days of the ivory tower are over.
Bob Cecil
Bob Cecil
CEO - Superstars Recruiting Company
Toronto Office
163 Sterling Road Suite 5
Toronto Ontario
M6R 2B2
RCecil@ITSuperStars.com
(v.) 905-543-8955
(Fax) 416-227-0988
http://www.ITSuperStars.com
Hamilton Office
396 Queenston Road
Hamilton Ontario
L8K 1J2
Author: "Patrick Crawford" at Internet
Date: 04/25/2000 7:53 PM
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TO: RULE-COMMENTS at 03SEC
Subject: Proposed Regulation FD: File No. S7-31-99
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I support full public disclosure. Special disclosure to a selective few is not
in the interest of the investing public.
Patrick Crawford
Author: "charles dennis" at Internet
Date: 04/25/2000 11:13 PM
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TO: RULE-COMMENTS at 03SEC
Subject: proposed regulation FD: file no. S7-31-99
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dear SEC,
please do what is right for everybody. please do what is right for us
little guys. please do what is fair. selectively disclosing information
which is pertinent to investing to the guys with the big bucks and not us
little guys, is not fair. it is dirty pool.
sincerely,
Charles R. Dennis
Author: "JimDenver" at Internet
Date: 04/25/2000 8:15 PM
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TO: RULE-COMMENTS at 03SEC
Subject: Proposed Reg. FD: File # S7-31-99 Against Selective Disclo
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Proposed Regulation on selective disclosure (S7-31-99) - - Although I'd like to
elaborate more fully on my rationale, I've examined both sides of the issue and
remain an ideological advocate of full public disclosure. Therefore please
register my opposition to "selective disclosure"
Sincerely, W. James Denver, Attorney at Law, Salt Lake City, UT
Author: "Gloria DiSalvo" at Internet
Date: 04/25/2000 10:09 PM
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TO: RULE-COMMENTS at 03SEC
Subject: Proposed Regulation FD: File #S7-31-99
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This is in support to allow all information to be dispersed to individual
investors. Let the individual make a good decision with all the available
facts. The time for big government playing the authority figure is over.
Gloria DiSalvo
Milwaukee, WI
Author: Doug and Jamie Easton at Internet
Date: 04/25/2000 7:48 PM
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TO: RULE-COMMENTS at 03SEC
Subject: Proposed Regulation FD: File No. S7-31-99.
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To Whom it may Concern,
I am an individual investor and I strongly support the proposed
regulation.
Sincerely,
Douglas P. Easton
Author: "Paz Efrat" at Internet
Date: 04/25/2000 11:51 PM
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TO: RULE-COMMENTS at 03SEC
Subject: Proposed Regulation FD: File No. S7-31-99
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I would like to express my support for the proposed regulation in the subject of
this mail.
I, as an individual investor, feel that it is important for all individual
investors to have access to the same information as do the analysts and
professional investors. As I understand it, this proposed regulation would
increase the amount of information that public companies would have to disclose
to individual investors, and therefore, I would like to support it.
Regards,
Paz Efrat
Montclair, NJ
Author: Jason at Internet
Date: 04/25/2000 11:21 PM
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TO: RULE-COMMENTS at 03SEC
Subject: "Proposed Regulation FD: File No. S7-31-99"
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I am in full support of regulation FD (fair disclosure).
Jason Fetterolf
Douglassville, PA
Author: Fiske at Internet
Date: 04/25/2000 10:49 PM
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TO: RULE-COMMENTS at 03SEC
Subject: Proposed Regulation FD: File No. S7-31-99"
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Dear Sir/Madam:
It seems to me that providing information to a select group, rather
than to people in general, is akin to providing "inside information" to
certain groups in advance of the general public. Therefore, I urge
you to adopt appropriate rules to guarantee that everyone may
receive the same information at the same time. I understand that
this proposed regulation will do this.
Sincerely,
Ruth H. Fiske
POBox 7011
Cape Porpoise ME 04014
Author: Mark Flynn at Internet
Date: 04/25/2000 11:12 PM
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TO: RULE-COMMENTS at 03SEC
Subject: Proposed Regulation FD: File No. S7-31-99
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I have read the SIA's filing on this proposed regulation and I must say
that it is the height of arrogance to say that individual investors are
driven by "individual knee-jerk reactions to specific information". This
is a blatant attempt by the "full service" brokerage industry to
maintain some advantage in a marketplace where their services are
becoming increasingly unnecessary.
I think that whatever information a company is releasing should go to
the owners of the company, namely its shareholders, first before any
analysts.
Sincerely,
Mark Flynn
--
Mark Flynn
Department of Biological Sciences and Neuroscience Program
University of Delaware
152 Wolf Hall
Newark, DE 19716
(302) 831-4095
http://udel.edu/~flynn
Author: "Shanna Gerrard" at Internet
Date: 04/25/2000 7:44 PM
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TO: RULE-COMMENTS at 03SEC
Subject: Proposed Regulation FD: File No. S7-31-99
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I find it amazing that at a time when more people than ever are
participating in the ownership of companies in our economy through the stock
market that these companies which we own can provide crucial information to
analysts, who are not owners, and not provide that information on which we
could better base our investment decisions to us, the owners. I support the
rule change that would require companies to provide fair disclosure.
Thank you
Shanna Gerrard
Author: "Mary Goodrich" at Internet
Date: 04/25/2000 10:36 PM
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TO: RULE-COMMENTS at 03SEC
Subject: Proposed Regulation FD: File No. S7-31-99
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As an individual investor, I believe I should have the right to the same
disclosures as Brokerage firms, and analysts. I believe that the
stock markets and investors will all benefit from full disclosure of
financial information from publicly held corporations.
This may be a duplicate; I'm having e-mail problems tonight!
--- Mary Goodrich
--- quingood@earthlink.net
--- EarthLink: It's your Internet.
Author: LUCIAN GUNTER at Internet
Date: 04/25/2000 10:17 PM
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TO: RULE-COMMENTS at 03SEC
Subject: PROPOSED REGULATION FD: File No. S7-31-99
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Give the little guy a break. Analyst privy to advance info, alert their special
interests and then
release the info to the public after the horse is out of the barn.
LUCIAN A GUNTER III
xyz@wcc.net
Author: at Internet
Date: 04/25/2000 11:13 PM
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TO: RULE-COMMENTS at 03SEC
Subject: Proposed Regulation FD: File No. S7-31-99
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Here we go again! Some branch of the Government deciding what is best for the
masses. Rest assured such a proposal/regulation would inflict serious injury
on the individual investor. We don't need that!
Perhaps more effort could go forth to curb margin spending that is being
practiced in our economy today. That! is truly a concern that needs more
attention.
As for "Selective Disclosure" . There are bigger fish to fry.
Denny Horn
Author: "Tommy Hudson" at Internet
Date: 04/25/2000 10:35 PM
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TO: RULE-COMMENTS at 03SEC
Subject: Proposed Regulation FD File# S7-31-99
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Please look out for the small investor. Make the odds even.
Thanks
Tommy Hudson
Author: "ahurlbert" at Internet
Date: 04/25/2000 7:29 PM
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TO: RULE-COMMENTS at 03SEC
Subject: Proposed Regulation FD: File No. S7-31-99
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All information about public companies should be made public to everybody, not
just Wall Street analysts. To say that individual investors are not smart
enough to interpret company reports just doesn't wash. Please eliminate
selective disclosures and open the analyst meetings to everyone.
Scott Hurlbert
Colorado Springs Vascular P.C.
Author: "Vincenzo N. Iannacci" at Internet
Date: 04/25/2000 11:52 PM
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TO: RULE-COMMENTS at 03SEC
Subject: Proposed Regulation FD: File No. S7-31-99
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The premise that only investment "professionals" or analysts are capable
of interpreting the financial information released by publicly owned
companies is ludicrous. Anyone who owns stock of a publicly traded
company is entitled to the same information at the same time as anyone
else. These analysts should not be privileged to any information before
the general public or existing stockholders. These "experts" may or may
not even be shareholders and most likely do not have the best interests
of shareholders in mind when making investment recommendations.
Sincerely,
Vincenzo Iannacci
Author: "Brian Krasney" at Internet
Date: 04/25/2000 8:03 PM
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TO: RULE-COMMENTS at 03SEC
Subject: Proposed Regulation FD: File No. S7-31-99
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Dear SEC,
I am 21 years old. I was shocked and appaled to learn that our country,
"the land of the free" still allows the major brokerage houses on wallstreet
access to information which is withheld from the rest of the country for
several days. This is the caste system in its purist form and it sickens me
that this exists in America. The workers at these brokerage houses may not
even be owners of some of the businesses which they learn about before even
the owners.
If I own 1 share of Cisco, I am a part owner, PERIOD. I am entitled to
the same or more information at the same time as the big brokerage houses.
If this policy does not change, I will seriously consider moving some or all
of my investments into European businesses.
Respectfully,
Brian Krasney
Author: "C. Leon Krueger" at Internet
Date: 04/25/2000 8:20 PM
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TO: RULE-COMMENTS at 03SEC
Subject: Proposed Regulation FD: File No. S7-31-99
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Sirs --
I believe the Proposed Regulation FD: File No. S7-31-99 will serve
investors well. Fair disclosure, especially as it limits the selective
disclosure of information a select group will benefit all interested
parties (except, perhaps the select group). In this information age, many
small, but intelligent investors are taking greater interest in
understanding their positions. The protections provided by this regulation
will be of great benefit to us.
Thank you.
C. Leon Krueger
Author: "lkundrat" at Internet
Date: 04/25/2000 11:28 PM
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TO: RULE-COMMENTS at 03SEC
Subject: Proposed Regulation FD File No. S7-31-99
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In regard to proposed Regulation FD: File No. S7-31-99 "Selective Disclosure" -
to be blunt, this will DOUBLE the amount of confusion in an already confused
market... How can a serious INVESTOR (not day-trader) make intelligent financial
analysis without access to necessary information? Now, individual investors will
have to rely on the media even more... THE MEDIA HAS BEEN THE MAIN SOURCE OF
MARKET VOLATILITY since on -line trading came about. THE MEDIA does not provide
raw data without including some type of investment opinion, again confusing the
individual investor. The bottom line-- IF A COMPANY IS PUBLICLY HELD THEN IT'S
FINANCIAL STATEMENTS SHOULD BE AS WELL... Oh, did I forget to mention the
increase in bribes and kickbacks? The indices are starting to stabilize, and
obviously many have learned some lessons the hard way...Market volatility would
be cut in half by curtailing such extensive day-trading activities, but adding
to it only decreases the entreprenurial spirit of long-term investors. Don't add
to the problem, become part of the solution.
Sincerely, Lee J. Kundrat
Author: "Richard H. Land" at Internet
Date: 04/25/2000 9:53 PM
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TO: RULE-COMMENTS at 03SEC
Subject: Proposed Regulation FD: File No. S7-31-99
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Arthur Levitt has it right : "The all-too-common practice of selectively
disseminating material information is a disservice to investors and undermines
the fundamental principle of fairness."
Let us all have the information at the same time and let the chips fall where
they will.
Sincerely,
Richard H. Land (A.K.A. Lucky)
Author: Corinne Lipman at Internet
Date: 04/25/2000 8:40 PM
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TO: RULE-COMMENTS at 03SEC
Subject: Proposed Regulation FD: File No. S7-31-99"
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I am totally opposed to selective disclosure. It is about time that
individuals get an equal opportunity to receive information concerning
investments. Corinne Lipman
Author: at Internet
Date: 04/26/2000 2:46 AM
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TO: RULE-COMMENTS at 03SEC
Subject: Proposed Regulation FD: File No. S7-31-99
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Dear SEC:
Please change rules to allow full disclosure instead
of selective disclosure.
I am an individual investor not connected with any
bank, brokerage or financial institution.
Thank you
james marolda
11929 fairlie pl
raleigh, nc 27613-7842
james27613@att.net
Author: "gp.mason" at Internet
Date: 04/25/2000 11:42 PM
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TO: RULE-COMMENTS at 03SEC
Subject: Proposed Regulation FD: File No. S7-31-99
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As an individual investor please protect my right to information.
THANK YOU
GREG MASON
Author: "John Mazag" at Internet
Date: 04/25/2000 10:27 PM
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TO: RULE-COMMENTS at 03SEC
Subject: Proposed Regulation FD: File No. S7-31-99
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Proposed Regulation FD: File No. S7-31-99
I feel the financial institutions have an unfair advantage by being able to buy
and sell stock before the rest of us, why to should they be able to ascertain
the new information before the general public at large is able to get the news?
Therefore, I am in favor of the new rule proposed by the Securities and Exchange
Commission (SEC) regarding the fair disclosure of information by publicly traded
companies to the public.
Regards,
John Mazag
Author: "Chris Nevil" at Internet
Date: 04/25/2000 7:03 PM
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TO: RULE-COMMENTS at 03SEC
Subject: Proposed Regulation FD: File No. S7-31-99
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Dear Commissioners:
As a full-time private individual investor I would like to express my strong
support for this proposed rule change.
I believe it would be a major step forward in leveling the "playing field" for
non-institutional participants in the capital markets.
Thank you.
Sincerely,
Chris Nevil
Author: "Herbert Norton" at Internet
Date: 04/25/2000 7:40 PM
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TO: RULE-COMMENTS at 03SEC
Subject: Proposed Regulation FD: File No. S7-31-99
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I am opposed to companies making selective disclosure of
important information. I think that any significant
information should be revealed to the general public
all at once.
Herb Norton
hnorton@alum.mit.edu
Author: pellett at Internet
Date: 04/25/2000 10:25 PM
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TO: RULE-COMMENTS at 03SEC
Subject: Proposed Regulation FD: File No. S7-31-99
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As an investor I want my news to be direct and unfiltered by special
interests. Therefore, the information now going to the Wall Street
Analysts from publicly traded companies should be made available to all
interested folks. I support closing this monopolistic opportunity
currently held exclusively by the Wall Street Analysts.
Thank you
``People Propose, Science Studies, Technology Conforms.'
Dr. Norman
Michael Pellett, Architect
5111 NW 4th Place
Gainesville, FL 32607
pellett@atlantic.net, or mpellett2@yahoo.com
http://www.atlantic.net/~pellett
(352)336-6908
Author: at Internet
Date: 04/25/2000 11:32 PM
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TO: RULE-COMMENTS at 03SEC
Subject: "Proposed Regulation FD: File No. S7-31-99"
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Dear Sir's
I am an investor and favor the move of Selective Disclosure of
Information to the public. This information Favors the Stock Brockers and
puts us at a disadvantage. Why not open up this information to the public?
What are they trying to hide? I believe all would benifit by being fair and
sharing this information . This would be like going to a Public Library.
Thank You
Jon Podell
Wheaton,IL
Author: "Russ Raymond" at Internet
Date: 04/25/2000 8:35 PM
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TO: RULE-COMMENTS at 03SEC
Subject: Proposed Regulation FD: File No. S7-31-99
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Proposed Regulation FD: File No. S7-31-99
As an individual investor (not speculator), I urge you to pass Reg.
FD.
Information regarding a publicly traded company should be available to
all potential users at the same time.
Why would this proposed regulation preclude the analyst industry from
continuing to perform it's current role in the capital markets? The
analyst industry is merely throwing up a smoke-screen to protect their
all-to-cozy relationship with management. Please don't continue the
current charade of fairness.
Thank you,
Russ Raymond
Phoenix, AZ
Author: Rick Reynolds at Internet
Date: 04/25/2000 10:50 PM
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TO: RULE-COMMENTS at 03SEC
Subject: Proposed Regulation FD: File No. S7-31-99
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Please enact rules to prevent selective disclosure. As it stands now
there are two classes of investors:
1) Analysts who know information before the general public and can use
this information to benefit themselves and their clients
2) Everyone else who does not get the benefit of insider information.
Rick Reynolds
108 Masters Road
Hixson, TN 37343
Author: "Ed Rochelle" at Internet
Date: 04/25/2000 10:25 PM
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TO: RULE-COMMENTS at 03SEC
Subject: Proposed Regulation FD: File No. S7-31-99
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Though the following comment were written by a member of an on line message
board that I follow, they mirror my thoughts and feelings and I completely
support the ideas set forth. In my opinion, it is urgent that you allow
equal access this information....
Ed Rochelle
"I have read the ideas expressed by the Securities Industry Association
lobbying on behalf of its full-service broker members. I completely disagree
with their contention that analysts provide a better service for the owners
of America's public companies by operating in an environment with access to
information denied to the very people who own or are considering owning
those companies. Their contentions betray all common sense.
If it betrays common sense, what is the motivation? SIA desires unequal
access to information by its members' analysts because they resell the
information to the American public. There's nothing wrong with reselling the
information. But making that information more valuable by giving them
unequal access to it, denying equal access to individual investors, is
wrong.
If there is any doubt in your mind that SIA's motivation is less than
honorable, be reminded of Merrill Lynch's contention expressed over a year
ago by its CEO that online trading was the worst thing for individual
investors. A year later and having reversed its thinking, Merrill Lynch is
now offering online trading to its customers. The contentions of the
community of full-service brokers expressed in SIA's filings show more
concern about the market share they are losing to the discount brokers than
concern for individual investors.
I applaud Proposed Regulation FD.
--Mike Buckley"
Author: "Bruce Rosborough" at Internet
Date: 04/25/2000 10:46 PM
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TO: RULE-COMMENTS at 03SEC
Subject: Proposed Regulation FD: File No. S7-31-99
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I am in favor of the proposed rule changes for the benefit of private investors.
Bruce W. Rosborough
9 Rolling Hill Court
Madison, NJ 07940
Author: Pradeep at Internet
Date: 04/25/2000 8:56 PM
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TO: RULE-COMMENTS at 03SEC
Subject: Proposed Regulation FD: File No. S7-31-99
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I am a private investor and I wholeheartedly support the new regulation your
agency is considering about combatting selective disclosure of information by
public
companies. Please add my name to the list in approval.
Thank you,
Pradeep Satya-Prakash
April 25, 2000
Author: Chris & Michele Schultz at Internet
Date: 04/25/2000 7:46 PM
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TO: RULE-COMMENTS at 03SEC
Subject: Proposed Regulation FD:File No. S7-31-99
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I am voicing my opinion that individual investors should have the same
opportunities as the Wall Street analysts have and all information
should be given to all equally. Without it is practically the equivelent
of insider trading. Also another law needs to be proposed that any
recommendation made by an analyst should have a disclamer as to whether
the firm has a stake in the company being recommended to protect
investors from being sucked in the "pump and dump" tactics used by firms
such as when secondary stock offerings are made public. Thank you, Chris
Schultz.
Author: "Charles Frank Seay III" at Internet
Date: 04/25/2000 10:22 PM
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TO: RULE-COMMENTS at 03SEC
Subject: Proposed Regulation FD: File No. S7-31-99
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I am highly in favor of non-selective disclosure. Why should someone who may not
have any direct stake in a
company get privileged or more timely information than those who have a direct,
financial interest? Hooray for
the rule change!
Charles Frank Seay III
Author: Todd Selden at Internet
Date: 04/25/2000 8:04 PM
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TO: RULE-COMMENTS at 03SEC
Subject: Proposed Regulation FD: File No. S7-31-99
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Dear SEC,
This is my rebutal to SIA's arguements.
> 1) Is it true that "it hardly needs saying that analysts perform a necessary
and valuable function in > the U.S. capital markets"? Is it true that to
perform
> that necessary and valuable function they need better information than the
participants in the > market?
They may be valuable to their clients but not to the market in general. Why is
it insider trading
if an employee tells someone special information to trade on but tell the same
thing to an
"Analyst" and they can sell it to their clients and its just fine?
>
> 2) Is it true that, the "alternative model of millions of individual
investors and potential
> investors poring over prospectuses and periodic reports is highly
> theoretical and out of sync with the real world"?
This is not theoretical because I and I am sure there are millions just like me
do exactly just that
using the internet.
>
> 3) Is it true that analysts make the markets less volatile?
Hardly, I have held many stocks where an "Analyst" came out with a downgrade
based on their
sales projection causing a tank in the stock. Only to have that been proven
wrong at the next
quarterly report with no rebound in the stock. They tend to cause wide
fluctations when there isn't
any other news on the company. This adds to market volatility not decreases it.
>
> 4) Is it true that analysts spend much of their time ferreting out negative
information about
> companies?
Most bad news I have seen coming from "Analysts" is either completely off base
or after the market in
general has already reacted to it from another source.
**** Please don't be disuaded from leveling the playing field for the individual
invester.
**** Insider information is NEVER a good idea.
thanks,
Todd Selden
17895 NW Lonerock Dr
Portland, OR 97229
Author: Richard Shore at Internet
Date: 04/25/2000 11:37 PM
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TO: RULE-COMMENTS at 03SEC
Subject: Proposed Regulation FD: File No. S7-31-99
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Dear Sir,
With respect to Proposed Regulation FD: File No. S7-31-99, it is about
time that all inestors receied equal opportunities to receie information
from public companies. Vote FOR this new rule.
Richard Shore
BlueKazoos@home.com
Author: Anonymous User at Internet
Date: 04/25/2000 7:22 PM
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TO: RULE-COMMENTS at 03SEC
Subject: Proposed Regulation FD: File No. S7-31-99
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Hi SEC,
I believe you already know how important S7-31-99 is or you
would not have proposed it. You are to be commended for
doing the right thing despite the tremendous pressure being
put on you from the financial industry.
The rules that currently allow companies to give important
information to Wall Street analysts without simultaneously
giving the news to the public at large is nothing more than
enlarging the group of people that have "insider" information
and allowing them to profit from it.
Please continue the process to put this regulation into effect
and keep up the good work.
Author: Bruce and Diane at Internet
Date: 04/25/2000 9:48 PM
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TO: RULE-COMMENTS at 03SEC
Subject: Proposed Regulation FD: File No. S7-31-99
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Having read the proposed regulation and various viewpoints about it on
sites such as the Motley Fool, I feel compelled to express my opinion
that this is an extremely worthy proposition.
The thought that I am unable to have access to company information at
the same time as the "analysts" is thoroughly obnoxious to me and to
anyone who values fairness in the marketplace.
Thank you.
Bruce D. Skrukrud
rudeau@uswest.net
Author: "J & R Snyder" at Internet
Date: 04/25/2000 7:15 PM
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TO: RULE-COMMENTS at 03SEC
Subject: Proposed Regulation FD:File No S7-31-99
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All information should be made public. Investments news should not be given to
the special few. I am able to
invest my own money and I would like to have this advance information that is
now given to special interests.
This is not fair. The rules should apply to everyone equally. Special rules
for the rich is not fair in the investment arena.
Judy Snyder
sama@lanset.com
Author: m j stember at Internet
Date: 04/25/2000 9:09 PM
Normal
TO: RULE-COMMENTS at 03SEC
Subject: Proposed Regulation FD: File No. S7-31-99
------------------------------- Message Contents
I think it is ludicrous there is a need for a rule like this.
Unfortunately, since the companies like to disclose information only
to a select few analysts, you must make this rule.
Allowing the current situation to continue smacks of permitting insider
trading since only a few people hear the information first hand.
They can act on that information and then give out a filtered version.
I 100% believe all information given out by companies to analysts must
be given out to all of the public.
Michael Stember
2232 Meadowvale Road
Longmont CO 80504
Author: "Duncan K. Stuart" at Internet
Date: 04/25/2000 8:06 PM
Normal
TO: RULE-COMMENTS at 03SEC
Subject: Proposed Regulation FD: File No. S7-31-99
------------------------------- Message Contents
I support proposed Regulation FD.
I utilize information from the Internet and from individual companies
themselves to make my personal investment decisions. Brokerage firms
already have an immense advantage over the individual investor in making
decisions to buy or sell a stock.
Please let the public at large have access to important information from
companies at the same time that Wall Street analysts obtain this
information.
The Internet is a powerful tool that can accomplish this objective in an
economical fashion.
Thank you,
Duncan K. Stuart
Author: "Phyllis Wolf" at Internet
Date: 04/25/2000 10:05 PM
Normal
TO: RULE-COMMENTS at 03SEC
Subject: "Proposed Regulation FD: File No. S7-31-99"
------------------------------- Message Contents
Securities and Exchange Commission:
I strongly agree with the regulation to end the selective disclosure of
information by public companies. Publicly traded companies should disclose
information to the public, not certain analysts only. All shareholders deserve
access to this information.
Sincerely,
Phyllis Wolf
http://www.sec.gov/rules/0425b11.htm
