Subject: File No. S7-24-99

Date:    11/28/99 1:00 PM
     
     
    I agree that new rules are in order, in a timely basis.  Naked shorting in
the OTC market has gone too far.  What is presently happening in this market is 
an embarrassment to the SEC.  If a company is trying to make a start for itself 
and is doing well at it.  Why should the company and investors be punished?  I 
have seen reporting companies increase there book value and the Market Makers 
walk it down to a pathetic level only to appease themselves.  There is 
absolutely no regard for the small investor and it is sad.  The rules should be 
up to par with the NASDAQ, it is only fair. 
     I have experienced manipulation in the OTC BB arena.  I have seen 90% buys
of a stock and the price of the stock fell and volume of over 15,000,000 and 
with no dramatic fluctuation of the stock with a reasonable float.  There have 
also been huge gains in the price with low volume.  This is manipulation at the 
highest level, how or why is it allowed? 
     I hope with the input from investors such as myself, new rules will be put
into effect.  It is time the SEC stops turning it's head and starts regulating 
the OTC, better known as the wild, wild, west.  It is time the sheriff shows up 
in town. 
     
     
Thank You For Your Time,
Eric Brown,
Waynesboro, VA