Date:    12/16/1999  11:23 PM
Subject: Proposed Regulation FD

To Whom It May Concern,
     
I am a non-professional small-time individual investor and I am writing to 
urge you to enact Fair Disclosre regulations. As an individual investor I 
believe it is paramount the playing field be leveled for all investors, 
whether they are professional or not. Selective disclosure gives a select 
group of professional analysts an unfair edge when it comes to investing. To 
me this is nothing more than another way of getiing (providing) inside 
information on stock affecting events (e.g., earnings, losses, etc.). In 
this age of the internet-based investor, fair disclosre of ALL relevant 
information is paramount in order for the small investor to survivie and 
thrive. I reallize that any regulation requiring fair disclosure will have 
an immediate and significant impact on the big brokerage houses and their 
brokers since their ability to get a head start on the little guy will cease 
to exist, therefore making them less and less affective and, possibly, not 
needed. It is with great hope that you will enact fair disclosure 
regulations in the near future and not allow the "big money" to maintain the 
status quo. I believe it is the responsibility of the SEC to provide 
safeguards to ALL investors without regard to the size or scope of thier 
portfolio(s). Selective disclosre is inherently wrong, and vilolates the 
spirit and intent of a free (trading) society. With more and more individual 
investors entering the markets on a daily basis, the importance of 
establishing equitable flows of informations is now more important than 
ever. To continue to allow one group (the professionals) to have an 
information edge vis-a-vis another group (the small investor) is to forfeit 
your responsibility to implement regulations conducive to the continued 
success of the stock makets. Besides, if you fail to act quickly to close 
the information gap, it will most likely create even more problems in the 
near future. Sure, the big money is going to tell you that any regulation 
requiriing free disclosre will negatively impact the stock markets, but the 
fact of the matter is it will not. It will negatively impact their bottom 
lines and as such it will be natural for them to complain. But, to be honest 
with you, how can the free flow of information hurt the stock market? 
Conversely, history tells us that whenever information has been kept from 
being freely disseminated that is the precise time when problems beign to 
arise. Indeed, why is it becoming a problem now? The answer is clear: the 
investment environement is in transition from one dominated by big money 
insiders to one being more and more affected by the individual. With or 
without your assistance, though, the transition is taking place and will 
continue to change the face of investing. The handwriting is on the wall and 
it is only a matter of time before you will be forced to enact regulations 
ensuring non-selective free disclosure af all information. Why not enact it 
now? Without further delay? It will happen, sooner or later. Preferrably 
sooner.
     
Sincerely,
     
     
Chuck Amedia
Tucson, AZ