Date:    06/22/2000  11:13 AM

Subject: File No. S7-24-99 comment

I am an individual, small investor, so my comments may not be useful to you, 
but I feel that there are large numbers of investors like me who may not 
comment because they feel they will not be heard.   In today's 
technologically advanced society, it is not placing much of a burden on 
market makers to disclose their short positions.  It seems to me that if many 
of the same market makers are already doing this for the required markets, it 
would not be too difficult to simply expand their disclosures to OTCBB stocks 
also.  Disclosing your true interests exists in every profession.  The Nasdaq 
rules seem to work well for Nasdaq stocks, they should be implemented as soon 
as possible to protect the OTCBB stocks from the blatant corrupt manipulation 
that has been clearly documented.  It is unfortunate that these businesses 
take advantage of the lack of rules --  instead of voluntarily establishing 
sound, fair business practices, they choose to use the lack of rules only for 
their financial gain at the expense of individual investors who only find out 
too late, after investing, that market makers have almost NO restrictions and 
may continue to manipulate the price of a stock no matter what the real 
market may bear, all while having access to all the bid/ask information to 
know exactly what the real market would be.    It is unfair and unbelievable 
that these practices continue.  They should willingly implement the Nasdaq 
rules on the OTCBB market themselves as soon as possible.  If not, the SEC 
should definitely RUSH to force compliance.    As more and more individual 
investors take charge of their own finances and stock purchases, it will 
become crucial to adopt fair, reasonable markets.  It is unbelievable to me 
that this is not already a law.  
     
Thank you for allowing me this chance to comment.  I sincerely hope that your 
agency will do everything in its power to assure ethical business practices 
for all.  Thank you.
     
Lynn McGeein
1600 Mallard Lane
Virginia Beach, VA  23455