Date:    03/21/2000  9:45 PM

Subject: Proposed Regulation FD

I am writing in support of Proposed Regulation FD.  I commend the Securities 
and Exchange Commission and Chairman Levitt for recognizing that the practice 
of selective disclosure substantially impairs the free flow of information and 
unfairly undermines the efficiency of the market.
     
The right of the individual to participate in market investing is a necessary 
component of any free enterprise economy.  Indeed, the stock market is the 
free market system.  In order for the market to be truly free, everyone so 
desiring should have equal access and opportunity to participate in its 
operation.  One's ability to capitalize on opportunities in the market should 
not be undermined by inequities in the dissemination of essential, 
market-moving information.  Fundamental information about the market should be 
presented to every interested investor freely, openly, and without regard to 
status.
     
There has probably never been a more important time than now for a the SEC to 
ensure the free disclosure of information.  The Internet has empowered the 
individual investor and changed the way the securities markets work.  We 
becoming a society increasingly reliant on the free dissemination of 
information and shared knowledge.  Therefore, it is unfair to perpetuate a 
system of selective disclosure where institutional market players receive an 
informational advantage over everyone else.
     
When select investors are given an opportunity to receive inside information 
from the companies they follow, and then exploit that information to their own 
financial advantage, we cannot be said to be operating in a free market.  As a 
concerned individual investor and as a prospective member of the bar (George 
Washington University Law School, Class of 2001), I applaud the Securities and 
Exchange Commission for initiating a change in current securities laws to 
ensure free disclosure of important market information to all market 
participants.
     
Sincerely,
Adam J. Eisner