From: Thomas Olsen [mailto:thomaswolsen@hotmail.com]
Sent: Tuesday, April 23, 2002 2:55 PM
To: marketreg@sec.gov
Subject: Suggestion...


To Whom It May Concern:

It's my understanding that companies providing market analysis to investors 
are obligated to disclose potential conflicts of interest. Speaking for 
myself and other investors, I must say that the current disclosures are 
practically incomprehensible. Some have argued that it's equivalent to no 
disclosures at all.

I'm of the opinion that analysts should be required to either (a) disclose 
(in a straightforward fashion) all holdings for their company, one of its 
subsidiaries, agents, or clients which could potentially result in a 
conflict of interest; or (b) recuse themselves entirely from providing 
market analyses on companies in which they have an financial stake. Too many 
investors are getting screwed by bogus advice from so-called analysts who 
are nothing more than pitch men for their own boutique stocks.

I don't need to remind you that, in many cases, peoples' retirement savings 
are jeopardized by bad advice and (worse) sheer greed. I believe that the 
SEC has not only a right but an obligation to simplify and tighten 
disclosure rules. This would be a great benefit to all investors. I hope 
that you will consider it.

Regards,
-TWO

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