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To: gdichaz who wrote (3429)	7/4/1999 11:09:00 PM
From: Mike Buckley	Read Replies (1) \| Respond to of 54805

The SEC is laughingly supposed to protect the ordinary investor. The "ordinary" investor spends less time researching a company before buying its stock than s/he spends looking at refrigerators before deciding which one to buy. That's what makes the SEC's mission laughable. I doubt that the ordinary investor can explain the difference between a stock and a bond. A year or so ago a good friend at work told me he bought Iomega stock. I asked why. He said, "Because there are going to be a lot of computer modems sold." Anyone who knows anything about Iomega knows they have never sold a modem in their corporate existence. And we're worried about the nuances of corporate reporting the SEC should be looking into to protect the ordinary investor? Just my opinion. --Mike Buckley