Date:    12/21/1999  10:11 PM


Subject: File no. S7-24-99,
Dear Sirs:
     
The SEC does a fine job. 
     
It is common knowledge that Market Makers control the price of some stocks 
without regard to the quality of the company or any other factors except 
consideration of the Market Makers own benefit. 
     
Shareholders are not protected at this time by the one agency that can protect 
them --- the SEC. 
     
To fail to act to bring this situation to a halt is in my opinion a turning of 
the back on the interests of shareholders. This is not in keeping with the duty 
of the SEC and allows wrongful acts by Market Makers within the knowledge of the
SEC.
     
Please act to adopt the new rules to stop this wrongful conduct on the part of 
Market Makers. 
     
Thank you, 
     
     
Warren Wells