WASHINGTON -- J.J. Kenny Co. said this week that it intends to be a "major participant" in whatever disclosure system the Securities and Exchange Commission adopts, and urged the SEC to move carefully in developing the electronic network that will be the system's linchpin.

"The role of the nationally recognized repositories is obviously crucial to the effectiveness of the system, and it is therefore of vital importance that the structure of the repository network be considered with great care," Kenny president James R. Quandt said in a 12-page comment letter to the agency this week.

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