Author: at Internet
Date: 04/26/2000 12:26 PM
Normal
TO: RULE-COMMENTS at 03SEC
Subject: Regulation FD
------------------------------- Message Contents
Please protect individual investors and pass Regulation FD. The little guy
does not have a chance without it. Thank you.
Doug Abramson
Author: at Internet
Date: 04/26/2000 8:59 AM
Normal
TO: RULE-COMMENTS at 03SEC
Subject: Proposed regulations
------------------------------- Message Contents
What the SEC proposes is the best thing to come along in quite some time -
one could wonder why this type of information sharing with all interested
individuals at the same time is not already a requirement.
For Wall Street to argue that they are the only ones with the experience and
expertise to understand the "nuances" of what is being said, or to know how
to "ferret out" the true story smacks of amazing arrogance. It is exactly
what I would expect from an industry that is trying to maintain its monopoly
on information, and thus, perpetuate itself.
I urge that the proposed regulation be adopted to allow individual investors
the same access to information as is now given only to the privileged few.
Arthur J. Ball
Author: at Internet
Date: 04/26/2000 7:50 AM
Normal
TO: RULE-COMMENTS at 03SEC
Subject: Proposed Fair Disclosure rule
------------------------------- Message Contents
In your consideration of the FD rule, please include the needs of the
individual investors, of which we are two, who invest on our own and not
through large brokerage companys, and allow the full disclosure of ALL
information be given to ALL investors, not a select few. Thank you.
Robert and Elaine Bingham
retired.
Author: "Bozzo; Tracy" at Internet
Date: 04/26/2000 11:51 AM
Normal
TO: RULE-COMMENTS at 03SEC
Subject: Fair disclosure of Information
------------------------------- Message Contents
Fair disclosure of information by publicly traded companies to the general
public makes more sense to an investor (using an analyst or not) than to imply
that since he wishes to invest and does NOT work for a company in the capacity
of say, an analyst, he should not require this information. In very few sectors
of the "public" domain is this acceptable. The analyst will use all information
available to make "money" as will the individual investor.
If this be the case, then the analyst does not require all available information
for say, the purchase of their car?! Just what is expected to be accomplished
by not informing the public of a more complete "picture" which propagates the
myth that only an analyst should have (read need or be able to figure) the
information out.
This is my 2 cents worth (after inflation).
Regards,
Tracy Bozzo,
Administrative Assistant
(314) 468-6794
(314) 468-3407 Fax
Author: "Jerome L. Bradley" at Internet
Date: 04/26/2000 4:00 PM
Normal
TO: RULE-COMMENTS at 03SEC
Subject:
------------------------------- Message Contents
I appose selcetive disclosure
Author: Jim Buzzell at Internet
Date: 04/26/2000 12:48 PM
Normal
TO: RULE-COMMENTS at 03SEC
Subject:
------------------------------- Message Contents
Proposed Regulation FD: File No. s7-31-99
I am totally in favor of all investors simultaneously receiving all
information furnished to analysts at the same time as furnished to analysts.
James R. Buzzell
Treasurer
ADT Automotive, Inc.
Author: "Dennis Cleary" at Internet
Date: 04/26/2000 7:14 AM
Normal
TO: RULE-COMMENTS at 03SEC
TO: "paul whiting" at Internet
Subject: Proposed Regulation FD: File No. S7-31-98
------------------------------- Message Contents
Dear SEC Directors,
Why do you still allow corruption and elitism in the general stock market
arena. Why should companies and analysts be in bed when they can use this
information to help friends, family members, and privileged clients get
information about companies before the stock-trading public.
And then they sell the information to clients via account attention and ad
campaigns! As far as I am concerned the SEC is not doing its job and the
SEC is being controlled by a few fat cats on Wall Street such as Arthur
Levitt.
You'll have a revolt soon unless you clean upo your house and allow free
access to company information!
Dennis J. Cleary
zenden@cwo.com
Author: at Internet
Date: 04/26/2000 4:16 PM
Normal
TO: RULE-COMMENTS at 03SEC
Subject: Across-the-board disclosure
------------------------------- Message Contents
Dear Sirs:
As a private investor and retiree who depends upon the stock market for a
major part of my income I strongly urge up to level the playing field and
require companies to disclose to stockholders anything it chooses to share
with 'the specialists'. I took quite a beating on CELERA recently and would
like to think that in this and other instances I 'got the news' at the same
time as the professionals. I can't imagine it being different in this
country and was shocked to learn otherwise through motely Fool' Sincerely
yours, Robert T. Crane, Los Angeles, CA 90068
Author: "ddalziel" at Internet
Date: 04/26/2000 9:02 PM
Normal
TO: RULE-COMMENTS at 03SEC
Subject:
------------------------------- Message Contents
Proposed Regulation FD: File No. S7-31-99
"Proposed Regulation FD: File No. S7-31-99"
We need a level playing field with brokers. There is to much money
being made by brokers and insiders at the expense of the American
Public.
Dennis Dalziel
{HYPERLINK "mailto:rule-comments@sec.gov"}rule-comments@sec.gov
Author: scott dickson at Internet
Date: 04/26/2000 1:40 AM
Normal
TO: RULE-COMMENTS at 03SEC
Subject: Proposed Regulation FD: File N. 57-31-99
------------------------------- Message Contents
To whom this may concern,
I am all for this regulation. Stop selective disclosure!!!
Scott M Dickson
Author: "Englar" at Internet
Date: 04/26/2000 4:23 PM
Normal
TO: RULE-COMMENTS at 03SEC
Subject: Corporation Information to Consumers
------------------------------- Message Contents
I would like to voice my opinion on the ruling that will be made concerning
informing all consumers of all information from all corporations. This
information will allow consumers to make better decisions concerning their
financial matters.
Jo Ann Englar
englar@erols.com
Author: at Internet
Date: 04/26/2000 11:21 AM
Normal
TO: RULE-COMMENTS at 03SEC
Subject: Full Disclosure!
------------------------------- Message Contents
I currently do a lot of investing on my, and with a broker. The thought that
I am not smart enough by the US brokerage firms to do my own research is
insulting. What I feel is especially insulting is that I have to pay these
firms up to a one hundred dollars for a report that they receive for the most
part from companies that I am interested already in investing in. Especially
since it is my money that helps support selected companies, and the US
economy. Please support American people have the same chance to find out
information as big corporate financial companies.
Aaron Faust
Author: "Fillmore" at Internet
Date: 04/26/2000 10:30 PM
Normal
TO: RULE-COMMENTS at 03SEC
Subject: SEC Fair Disclosure Rules
------------------------------- Message Contents
I feel it is time that the individual investor is given the same information
that is provided to the large investment houses. It is unclear how such a
system is allowed to exist. Perhaps the SEC is being bought by Wall Street! I
can't think of any other explanation which continues to discriminate against the
individual investor who chooses to manage their own money.
I ask that the playing field be leveled immediately. I deserve to have that
same information that the same time as Wall Street Insiders.
Author: "Floyd; David J" at Internet
Date: 04/26/2000 2:16 PM
Normal
TO: RULE-COMMENTS at 03SEC
Subject: selective disclosure
------------------------------- Message Contents
am against SEC proposing to change the rules the currently allow cpmpanies
to give important information to Wall Street analysts without
simultaneously giving the news ot hte publis at large.
Author: at Internet
Date: 04/26/2000 12:41 PM
Normal
TO: RULE-COMMENTS at 03SEC
Subject: Proposed Regulation FD: File No. S70-31-99
------------------------------- Message Contents
"Proposed Regulation FD: File No. S7-31-99"
It's about time! Why should a select few (Wall Street Insiders) have
preferential access to company information? If you think about it, providing
preferential access to company information to a select few who use that
information for the financial benefit of their clients is a legitimized form
of "Insider" trading.
Regards,
Jim Fox
Author: "Heather Fraser" at Internet
Date: 04/26/2000 11:55 AM
Normal
TO: RULE-COMMENTS at 03SEC
Subject: Analyst information vs. public information
------------------------------- Message Contents
There will always be people who have access to important information before
it becomes public knowledge, but let's not get all reverent about this fact
and preserve the institution it's become. This particular investor, who
does indeed pore over all kinds of mind-boggling data, comes down solidly in
favor of equal access to all data, at the same time, for everyone. It's
called fairness. The SIA's argument that some people (analysts) deserve
advance information and that the system actually helps keep the market
stable, is called something else, but it isn't printable.
Thank you.
Heather Fraser
Individual Investor
Author: B at Internet
Date: 04/26/2000 1:47 PM
Normal
TO: RULE-COMMENTS at 03SEC
Subject: Good work SEC, empower the individual investor!
------------------------------- Message Contents
Levitt,
I realize that it may be too late to comment on this issue.
However, I must say that I greatly appreciate your efforts under
Proposed Regulation FD to ban selective disclosure of material
information about publicly owned companies to analysts and brokers. This
legislation is truly in the spirit of democracy itself. Thank you for
your efforts.
Ben Friedman
Author: at Internet
Date: 04/26/2000 3:04 PM
Normal
TO: RULE-COMMENTS at 03SEC
Subject: (no subject)
------------------------------- Message Contents
It is outrageous that analysts should be privy to information that the
general investing public is not. Let's make it a level playing field please.
Michael Granville
Lake Ariel PA
Stockbroker
Author: dennis hannon at Internet
Date: 04/26/2000 7:06 PM
Normal
TO: RULE-COMMENTS at 03SEC
Subject: fair disclosure
------------------------------- Message Contents
Please help us all to know the latest information on our investments.
Minimize the risk of corruption and distorted opinions caused by the
desire of analysts to be included in selective disclosure.
Thank you for protecting the interest of the general public.
Dennis Hannon
Author: "Andrea K. Hannon" at Internet
Date: 04/26/2000 8:17 AM
Normal
TO: RULE-COMMENTS at 03SEC
Subject: (no subject)
------------------------------- Message Contents
Proposed Regulation FD:
file No S7-31-99
Vote for it!
Andrea K. Hannon
Author: at Internet
Date: 04/26/2000 7:34 AM
Normal
TO: RULE-COMMENTS at 03SEC
Subject: Proposed Regulation FD: File Nr. 57- 31- 99
------------------------------- Message Contents
Sirs: It is my sincere hope the SEC will level the playing field and
provide full
disclosure not only to the brokers and their analysts but also to the public
at large. This full disclosure will prevent at least to some extent the
manipulation of the
market and equities that is presently occuring by insiders ---- full
disclosure is
absolutely necessary for a free and open market to operate. Thank you.
Dr. Fred W. Hicks III Retired
Author: brian hurley at Internet
Date: 04/26/2000 5:58 PM
Normal
TO: RULE-COMMENTS at 03SEC
Subject: FD
------------------------------- Message Contents
Absolutely in favor of FULL DISCLOSURE
Thank you very much, Brian hurley
=====
get it while you can
Author: Peter Irwin at Internet
Date: 04/26/2000 5:15 PM
Normal
TO: RULE-COMMENTS at 03SEC
Subject:
------------------------------- Message Contents
After reading the public comments of April 6, 2000, by The Ad Hoc Working
Group on Proposed Regulation FD and the Legal and Compliance Division of the
Securities Industry Association ("SIA") I now realize how lucky I am to have
the Wall Street Broker (WSB) tell me how to think. Their comment "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." let me realize that by
being an informed investor and reading the reports companies put out I was
wasting my time being out of sync with the real world.
I also didn't realize that the WSB were the only one's who could "glean
information from changes in the level of confidence (sometimes evidenced in
subtle ways such as changes in choice of words or tone of voice) over a
series of telephone conversations or face-to-face meetings." I always
thought I might be able to do that sometimes, I guess talking to my wife
and kids I have never been able to notice any changes. Do the WSB make
house calls? I would really like to know who spilled Coke (KO) on my white
shirt last week.
Sorry, but I get kind of angry about being excluded from information. I
went to a top tier MBA school just like the WSB's and believe me I know I am
just as smart (and I can make enough of my own mistakes)as they are.
Peter J. Irwin
Assistant Vice President
Baird & Warner Real Estate Capital, LLC
150 S. Wacker Drive, Suite #950
Chicago, IL 60606-4162
Phone (312) 201-8000 Ext. 15
Fax (312) 201-1882
Author: JANUARY SHARON at Internet
Date: 04/26/2000 8:41 AM
Normal
TO: RULE-COMMENTS at 03SEC
Subject: Proposed Regulation
------------------------------- Message Contents
Proposed Regulation FD: File No. 57-31-99
There should be no selective disclosure. Individual investors
have the right to information from a company.
Sharon January
sjanuary@bigplanet.com
Author: at Internet
Date: 04/26/2000 2:59 PM
Normal
TO: RULE-COMMENTS at 03SEC
Subject: Proposed Reg FD: File No. S7-41-99
------------------------------- Message Contents
To whom it may concern,
I have read the proposed regulation that is listed above. I can't understand
in my wildest thoughts why "analysts" are given information regarding public
companies before the actual investors are given the same information. These
analysts work for billion dollar companies that can easily skew the
marketplace so that their own companies can benefit the most from getting
news first. If I was given the same information as an analyst was given (and
at the same time), I can make my own determinations AND get input from these
analysts. These analysts do not have my personal livelihood in their
thoughts at all.
Level the playing field so that common individual investors can see the
information at the same time that analysts see it. It's my money that I'm
investing with.
Regards,
Steve Kraus
Author: "John L. Kurlander" at Internet
Date: 04/26/2000 8:29 PM
Normal
TO: RULE-COMMENTS at 03SEC
CC: at Internet
CC: at Internet
Subject: Level Playing Field
------------------------------- Message Contents
You are undercutting the integrity of the issue of fairness - eliminate the
"good old boys club" and make the playing field level for all - information
should be required to be released to all simultaneously. This is a free trade
democratic procedure - you will undermine this if you permit the current
practices to continues. Margaret Kurlander Kurlynj_2000@yahoo.com
Author: Dawn Leary at Internet
Date: 04/26/2000 9:48 PM
Normal
TO: RULE-COMMENTS at 03SEC
Subject: SEC selective disclosure
------------------------------- Message Contents
To whom it may concern,
As an individual investor I vehemently oppose any restriction which does not
allow full disclosure to the public concerning public companies' information. I
hope that whatever action that is needed is taken to prevent such restriction.
Sincerely,
Christopher A. Larsen
Author: at Internet
Date: 04/26/2000 6:42 PM
Normal
TO: RULE-COMMENTS at 03SEC
Subject: Securities and Exchange Commission's proposed rules to ban
------------------------------- Message Contents
Re: Securities and Exchange Commission's proposed rules to ban selective
disclosure of material information
and clarify insider trading rules, and adopted rules to enhance the
effectiveness of corporate audit committees.
As an individual investor I believe all information should be disclosed to
investors large or small.
Complete disclosure is necessary to ensure economic freedom for all.
Regards,
Bruce D. Legary
IBM Santa Teresa Laboratory 555 Bailey Ave. San Jose, CA 95141
408.463.3056 T/L 543.3056 Pager 408.973.6202
E-mail: legary@us.ibm.com Lotus Notes address: Bruce Legary/Santa
Teresa/IBM@IBMUS VM: IBMUSM54(LEGARY)
Author: "Leonard Mark (rti1mxl)" at Internet
Date: 04/26/2000 1:31 PM
Normal
TO: RULE-COMMENTS at 03SEC
Subject: Proposed Regulation FD
------------------------------- Message Contents
As an investor who relies on public information for researching potential
investment opportunities, I am in full support of the SEC Full Disclosure
proposal.
Sincerely,
Mark Leonard
Author: at Internet
Date: 04/26/2000 1:53 PM
Normal
TO: RULE-COMMENTS at 03SEC
Subject: New rules
------------------------------- Message Contents
Make it exactly the same for individuals and the public as it is now for Wall
Street.
Martin Lindenberg,
Houston, TX
Author: at Internet
Date: 04/26/2000 7:31 AM
Normal
TO: RULE-COMMENTS at 03SEC
Subject: selective disclosure:
------------------------------- Message Contents
I believe that information about companies should be open to all and not a
selective communities. This sound very discriminative. We as investors
should be privy to this information.
Aaron Lopez
Author: Pat & Jude Maher at Internet
Date: 04/26/2000 11:25 AM
Normal
TO: RULE-COMMENTS at 03SEC
Subject: selective disclosure
------------------------------- Message Contents
The name says it all. Don't give in to the pressure from those who
currently receive information before the rest of us. Your proposal ends
an outrageous practice. Congratulations.
Thomas Maher
Author: "Mike O' Mahony" at Internet
Date: 04/26/2000 9:32 PM
Normal
TO: RULE-COMMENTS at 03SEC
Subject:
------------------------------- Message Contents
"Proposed Regulation FD: File No. S7-31-99"
selective disclosure is not fair to us little guys
please open things up
thanks
P M O'Mahony
Dublin OH
Author: at Internet
Date: 04/26/2000 11:47 AM
Normal
TO: RULE-COMMENTS at 03SEC
Subject: (no subject)
------------------------------- Message Contents
Gentlemen, I am astonished that you are considering rules changes which would
have the effect of denying relevant information to the investing public. As
a retired money manager and director of investment research, I have been
pleasantly surprised to see that some members of the general public can make
very effectiv e investment decisions when they do their homework. The concept
that the public needs Wall Street to filter and evaluate news relating to
companies is out-of-date. Keep the playing field level; don't give Wall
Street an unfair advantage. John H. Marchesi, Jr. CFA
Author: Stephen Marks at Internet
Date: 04/26/2000 1:57 AM
Normal
TO: RULE-COMMENTS at 03SEC
Subject: Disclosure
------------------------------- Message Contents
Open up the proceedings, boys.
Do the Democratic thing.
Steve Marks.
Author: "Red Mathews" at Internet
Date: 04/26/2000 9:21 PM
Normal
TO: RULE-COMMENTS at 03SEC
Subject: Selective Disclosure
------------------------------- Message Contents
Please level the playing field. STOP selective disclosure. Stop or open to
all pre-market trading.
June Mathews
junem@adelphia.net
Author: Peter at Internet
Date: 04/26/2000 9:59 AM
Normal
TO: RULE-COMMENTS at 03SEC
Subject: Proposed Regulation FD
------------------------------- Message Contents
I am writing to you as a Registered Investment Adviser who is in support of
the Proposed Rule FD which would limit a companies ability to selectively
disclose material financial information. It is my position that our clients
would benefit from this rule and any other rule promoting fair disclosure
practices by companies.
Sincerely,
Peter B. Mauthe, President
Trendstat Capital Management, Inc.
6991 E. Camelback Road, Suite D-210
Scottsdale, AZ 85251-2439
Fon 480-970-3600
Fax 480-970-5010
email peter@trendstat.com
Author: tim mcadam at Internet
Date: 04/26/2000 3:17 PM
Normal
TO: RULE-COMMENTS at 03SEC
Subject: Fwd: Investor letter
------------------------------- Message Contents
>April 26, 2000
>
>
>Jonathan G. Katz, Secretary
>Securities and Exchange Commission
>450 5th Street, N.W.
>Washington, DC 20549
>
> RE: Proposed Regulation FD, File No. S7-31-99
>
>Dear Mr. Katz:
>
> I am an individual investor who is very concerned about the flow of
>information between public companies and investors. The Internet age
>has provided private investors, like myself, with access to a wealth of
>information previously enjoyed only by analysts and institutional
>investors. I would like to take this opportunity to express my
>concurrence with the Commission's decision to stop public companies from
>selectively disclosing material inside information to analysts and
>institutional investors. However, I believe the Commission has stopped
>short of its overriding duty - to ensure that the securities markets are
>a level playing field for all investors in all aspects of the investment
>process.
>
> I believe the most important result of proposed Regulation FD should be
>public access to and public participation in company-sponsored
>conference calls. I regularly listen to conference calls to gain more
>insight into a company's earnings and outlook. This is crucial to my
>investment decisions. However, I find it extremely frustrating that the
>subject matter of such calls is guided only by analysts and
>institutional investors. Individual investors are rarely allowed to ask
>questions on these calls. I do not believe companies should be entitled
>to selectively choose who will ask questions at conference calls. If a
>company chooses to hold a conference call and respond to questions, it
>should permit participation and accept questions from any stockholder.
>
> The Commission's purpose in promulgating proposed Regulation FD is to
>foster an equitable environment in our securities markets. I believe
>the Commission's purpose would be furthered if during conference calls
>analysts did not have preferential access. Analysts should not be
>permitted to monopolize conference calls through actual or implicit
>pre-arrangement with companies who agree to restrict questions to
>analysts or institutional investors. If questions are taken, they
>should be at random, from stockholders.
>
> Sincerely,
Tim McAdam
Author: "Tom McClintock" at Internet
Date: 04/26/2000 10:53 AM
Normal
TO: RULE-COMMENTS at 03SEC
Subject: Selective Disclosure
------------------------------- Message Contents
Please force companies to disclose material information publicly and not
selectively. Investors should be able to to make decisions having the same
information
that a fund manager or brokerage house agent may have. I manage my own
investments and can only do so with valuable, fair information. It disappoints
me that a firm
may be able to effect a stock price by dumping or buying shares on information
that is not publicly disclosed. Thank you for proposing fairness.
Tom McClintock
Author: "Reita McGee" at Internet
Date: 04/26/2000 8:42 PM
Normal
TO: RULE-COMMENTS at 03SEC
Subject: Reita R. McGee
------------------------------- Message Contents
As an individual and long time investor, I can only ask why individual
investors were never privy to this information from the get-go!????
Author: david michalek at Internet
Date: 04/26/2000 12:09 PM
Normal
TO: RULE-COMMENTS at 03SEC
Subject: Selective Disclosure
------------------------------- Message Contents
Dear Mr. Levitt
I strongly support your position to ban selective disclosure.
As a private investor, I would like the playing field to be level.
Companies need to be policed and made to follow strict rules. That is
one of the reasons why our stock market is superior to all others.
Your proposals will only enhance the strengths of the U.S. economy and
stock market.
Please follow through on your proposals and execute your plan of action.
Sincerely
David Michalek
1195 Morning Glory Lane
Bartlett Illinois 60103
Author: at Internet
Date: 04/26/2000 5:21 PM
Normal
TO: RULE-COMMENTS at 03SEC
Subject: Rule Change
------------------------------- Message Contents
Dear Sirs,
As a small investor playing on the gargantuan economic
playing field (a.k.a. the U.S. stock market ) I heartily welcome any such
leveling of said field. With the financial power of institutional positions I
often feel very vulnerable to the whims of fund managers and brokers. I applaud
and embrace your efforts to keep "disclosures and information" available to
each and every citizen as our forefathers would have required. Thank You.
.
Sincerely Ken Mincin
Author: "Carl J Navarra" at Internet
Date: 04/26/2000 8:48 PM
Normal
TO: RULE-COMMENTS at 03SEC
Subject: Proposed Regulation FD: File N0 S7-31-00
------------------------------- Message Contents
Dear Reader:
Please add my endorsement (to the thousands of others you must have received
by this time) for Chairman Levitt's wishes and comments to be adopted.
We little guys can be trusted to think, really.
Very truly yours,
Carl J Navarra
Safety Harbor, FL
Author: "William Noran" at Internet
Date: 04/26/2000 6:39 AM
Normal
TO: RULE-COMMENTS at 03SEC
Subject:
------------------------------- Message Contents
i want full disclosure to all; not just "wall street". bill noran, jax fl
Author: at Internet
Date: 04/26/2000 12:59 PM
Normal
TO: RULE-COMMENTS at 03SEC
Subject: FD: File No. 57-31-99
------------------------------- Message Contents
Just thought I'd weigh in - I'm in favor of as much public disclosure as
possible. To qualify that statement, though, I don't think that reporting
should be burdensome to the companies either. I just think that the wider the
disclosure, the better it
is for the market, and the less likely any stigma of insider trading. Regarding
Wall Street's position on this, which is con, I think the brokers will still
make their money, but they'll have to do the honest research same as the rest of
us. They'll
earn (and deserve) their money by virtue of being able to execute that research
faster than the average investor and, further, be able to take the time to get
to know their companies.
Kindest Regards,
Varrick S. Nunez Nat'l Tech. Support Specialist (XRF)
12 Michigan Drive
Natick, MA 01760
TEL 508-647-1130 FAX 508-647-1117 CELL 508-353-8166
varrick.nunez@philips.com
http://www.analytical.philips.com
Author: "Edwin Ortiz" at Internet
Date: 04/26/2000 9:09 PM
Normal
TO: RULE-COMMENTS at 03SEC
Subject: "Fully Recommend Approval of the Regulation FD: File No. S7-
------------------------------- Message Contents
I am an individual investor with over 15 years of Trading experience. I fully
support the SEC's move to provide an equal playing field to the Individual
Investor. I can share with you a lot of war stories how I have gotten burned by
not having timely access to Company information, prior to the advent of the
Internet. I applaud the SEC, you guys are protecting the little guys. By the
way, today's individual investor is pretty savy. There is no problems
understanding the Financial terms that make up the Wallstreet world !
Very Truly Yours,
Ed Ortiz
eortiz1@tampabay.rr.com
Author: "Tim Patterson" at Internet
Date: 04/26/2000 6:07 PM
Normal
TO: RULE-COMMENTS at 03SEC
Subject: selective disclosure
------------------------------- Message Contents
I will be watching my elected officials. They will loose my vote at the next
election over this one issue if they side with the fat cats. I expect the
public to have equal access to the information.
Tim Patterson
Author: Pam at Internet
Date: 04/26/2000 11:58 AM
Normal
TO: RULE-COMMENTS at 03SEC
Subject: Proposed RegulationFD: File No. 57-31-99
------------------------------- Message Contents
I believe that selective disclosure is tantamount to insider trading and
sooner or later someone is going to press the issue all the way to the
Supreme Court. Why not just do the right thing and level the playing
field? It's the right thing to do and will save you future
embarrassment.
Glen Pellerin
Home Depot
976 Stores Strong
Author: "Emil Pittner" at Internet
Date: 04/26/2000 8:56 PM
Normal
TO: RULE-COMMENTS at 03SEC
Subject: Fair Disclosure
------------------------------- Message Contents
I am of course very much in favor of fair disclosure. Anything short of full
disclosure, to everyone, is ludicrous.
Keep up the good work.
There are a couple of guys out there who thing slanting the playing field is
good strategy. Yeah, for them!
Author: rportney@webtv.net (Roberta Portney) at Internet
Date: 04/26/2000 8:36 PM
Normal
TO: RULE-COMMENTS at 03SEC
Subject: Even playing field
------------------------------- Message Contents
Stop selective disclosure. You wonder who makes these rules. Why
should anyone have any information before anyone else. I've seen many
things that are unfair with the professionals have all the power and
control. The little people need Arthur Levitt, but, I guess a man
should be entitiled to retire. Agreat loss to WE THE PEOPLE.
Author: at Internet
Date: 04/26/2000 12:16 PM
Normal
TO: RULE-COMMENTS at 03SEC
Subject: Proposed Regulation FD File No. 57-31-99
------------------------------- Message Contents
Why should wall street analysts or anyone else for that matter have company
information that individual investors don't have. Please level the playing
field by passing this rule. It is not fair to me and other investors to not
have all disclosed company information that analysts have. They probably
don't even own stock in the companies.
Thank you.
Donald Rider
Author: at Internet
Date: 04/26/2000 4:59 PM
Normal
TO: RULE-COMMENTS at 03SEC
Subject: Full Disclosure
------------------------------- Message Contents
Sirs;
I encourage you to go forward in your plan to require full disclosure of
significant corporate information to the public.
Sincerely,
John R. Shaffer
120 Pond Run Circle
Hamilton ,OH 45013
Author: Gautam Srikanth at Internet
Date: 04/26/2000 8:29 PM
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TO: RULE-COMMENTS at 03SEC
Subject: Proposed Regulation FD
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April 26, 2000
Dear Sir or Madam,
I'm an undergraduate Computer Engineering student at Carnegie Mellon
University, writing about proposed SEC regulation FD to require full
financial disclosure from issuers. I strongly favor its passage.
I am the only son of a single parent, and work with my mother to manage
the funds left to us after my father's death. We are careful with our
money and always perform full due diligence before buying a security,
but know that the information available to us has been selectively
picked over by analysts privileged by issuers with early access. When I
read the brokerage lobby's response to proposed regulation FD, I was
appalled: they essentially argue that we as individuals lack the wisdom
and emotional discipline to manage our savings wisely. This is
particularly disturbing considering the amount of study we actually do
invest into selecting securities and diversifying our portfolio.
We're only one example of the sea change that's happening as the
Internet devolves power from the well-connected barons of Wall Street to
the everyday Americans who actually own the capital at play in the
markets. It is incumbent on the SEC to open to us the floodgates of
privileged information. Thank you for proposing Regulation FD. I urge
you to approve it.
Sincerely,
Gautam Srikanth
Carnegie Mellon University
Author: "Robert Styffe" at Internet
Date: 04/26/2000 12:02 PM
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TO: RULE-COMMENTS at 03SEC
Subject: Proposed Regulation
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Regarding Proposed Regulation FD: File No. S7-31-99, the public MUST HAVE the
same information as any other individual or entity. There can be no reasonable
objection to this and frankly I was shocked that this has been allowed to go on
as long as it has. Please correct this injustice. Also, do you plan on filing
suit against companies who have engaged in this practice at the public's
expense. I would be very interested in an SEC or DOJ investigation. Thank You.
Robert S. Styffe
1251 Country Club Rd
Wescosville, PA 18106
styffe@erols.com
Author: "Dennis Triplett" at Internet
Date: 04/26/2000 1:18 PM
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TO: RULE-COMMENTS at 03SEC
Subject: Proposed Regulation FD:File No. SR-31-99
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I am very much in favor of this rule and take affront to the notion that I
don't have enough sense to analyze market information and therefore should
be protected from it.
Dennis Triplett
Author: "roger wiechec" at Internet
Date: 04/26/2000 9:04 AM
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TO: RULE-COMMENTS at 03SEC
Subject: Level playing field re File 57- 31- 99
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Gentlemen
Please level the playing field for us small investors and have all
information about a company disclosed to the public , not just a favored few
analysts .
We have a difficult enough time reviewing investment possibilities as it is.
Not having the up to date information can at times leave us holding the bag.
I.E. Rite Aide- Lucent - and others emphasize the point.
Thank You
Roger Wiechec Marlimar Enterprises, Inc email rwiechec@buffnet.net
Author: "JOAN WILLENBORG" at Internet
Date: 04/26/2000 9:50 PM
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TO: RULE-COMMENTS at 03SEC
Subject: proposed regulation FD file#57-31-99
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I am for the proposal that will give investors the same information as stock
brokers. Joan B. Willenborg, MA, PT retired
Author: "Gary Wu" at Internet
Date: 04/26/2000 4:03 PM
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TO: RULE-COMMENTS at 03SEC
Subject: Proposed Regulation FD
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As an individual investor, I am delighted to see the SEC taking action to
promote a level playing field. Individual investors are at a disadvantage
when companies can disclose information to a 'select' group of favorite
analysts. Especially considering that the benificiary of these insider
information -- the Mutual fund companies has returned so little value
at a huge cost to the average investor(I offer the word of Vanguard
founder Mr. Bogle to supoort my views:
http://www.vanguard.com/educ/lib/bogle/ixbogle.html).
I believe the current system as it stands is not only bad for individual
investors, but it is bad for the markets as a whole. I firmly support the
proposed Regulation FD
Gary Wu
Plano, TX
Author: at Internet
Date: 04/26/2000 10:28 PM
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TO: RULE-COMMENTS at 03SEC
Subject: (no subject)
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Gentlemen: No selective disclosure please.
File s7-31-99
Edwin Comins
1310 E Orange Grove Blvd
Pasadena ca 91104
Author: "David Griffith" at Internet
Date: 04/26/2000 8:12 PM
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TO: RULE-COMMENTS at 03SEC
Subject: Selective Disclosure
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Dear Sirs,
Please do not impose or allow selective disclosure. This will not improve the
consumer or investor.
Thank you,
David Griffith
Author: Don Grant at Internet
Date: 04/26/2000 7:19 PM
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TO: RULE-COMMENTS at 03SEC
Subject: Proposed regulation FD
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As an intelligent independent investor, I should have the same opportunity
to get all information needed to make my decision on an investment. The
fact that I may not be a multimillion dollar player should not weigh on my
access to all the information released by corporations that could effect my
investment decisions
Donald E. Grant
San Ramon, CA 94583
Author: scott clark at Internet
Date: 04/26/2000 7:22 PM
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TO: RULE-COMMENTS at 03SEC
Subject: Proposed regulation FD: File # S7 31 99
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Regarding the proposed rule, I am certainly quite strongly oppposed to
maintaining the status quo for the wall street analysts to have
information made available to them in advance and in more detail than to
other and individual investors. I strongly disagree with the argument
that we need them to protect us from our own unsophisticated
interpretations of the data, and I urge you to allow full disclosure to
the public at the same time as the wall street analysts.
thank you for your consideration,
scott clark
Author: Lance Tane at Internet
Date: 04/26/2000 7:34 PM
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Receipt Requested
TO: RULE-COMMENTS at 03SEC
Subject:
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As Chief Executive & Managing Director of a management consulting firm that
provides advice to senior executives of major employers throughout the
United States, I would like to stress the importance of full disclosure of
material information to all investors -- institutional and individual -- on
a completely equivalent basis.
Facilitated by enabling legislation, the responsibility for managing
retirement assets has been shifted from the employer and institutional
investor to the individual employee. Over the last decade, SYNAPSE LLC and
the other major consulting firms have worked with numerous employers to
communicate the implications of this shift to their employees. The critical
message is that it is the responsibility of the individual to plan, to save,
and to invest in order to ensure that he or she has adequate income during
retirement. And, to do this requires that each individual make personal
investment decisions. In this context, one of the questions employees ask
their employers is "If the responsibility of managing my investments for
retirement has been given to me, why can't I get the same information that
is available to institutional investors?"
Employees and other individual investors understand very clearly that
knowledge is power. Is this information valuable? Of course. Ask any senior
executive of an investment banking firm who feels this information should
not be made public how he or she would feel if their competitors could
access this information but they could not. The reasons cited for keeping
this information out of individual's hands are groundless and hypocritical.
The possibility for abuse of this information is no greater than the
possibility for abuse of any other freedom that forms the foundation of our
democracy. Denying people this information because of the possibility for
abuse is like denying people the right to drive because some will speed.
I urge those people who have been entrusted with responsibility for the
supervision of the Investment Industry to make equal and full information
available to every investor. Not only is full disclosure consistent with our
constitutional values, but failure to correct this disparity has the
potential to undermine what little confidence people still have in US
financial institutions and the US government entrusted with their
regulation.
Lance D. Tane
Chief Executive and Managing Director
SYNAPSE LLC
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