Author: pwonder at Internet Date: 12/15/1999 9:22 PM C Subject: New SEC regulation pertaining to naked shorting of OTC BB st Dear Sir or Madam: It is with great interest that I write you this letter in reference to the proposed new regulations affecting naked shorting of OTC BB stocks. In my opinion, regulations prohibiting this kind of practice are long overdue. Market Makers manipulation of micro cap stocks, while great for their bottom lines, is unethical and is costing the public millions in loses per year. Furthermore, such manipulation have a direct impact on our national economy as the stock price of new start-up companies with great potential for growth is kept down by Market Makers. OTC BB investors should have the right to know when they are putting their hard earned money on a stock that is being shorted by Market Makers. In fact, Market Makers should not be allowed to short OTC BB stocks at all. Simply put, it impaires the growth of these companies into Nasdaq companies, causes millions of investors hard losses every year, and it is all being done with the blessing of the SEC. This practice is shameful. Very truly yours, Ruben Morales, Esq.