From: Kelton Baker <kelton.baker@m.cc.utah.edu> 
Date: Sun, 04 Apr 1999 08:32:21 -0600

Subject: S7-5-99

This is in regards to File No. S7-5-99:
The reproposed amendments to Rule 15c2-11 would require all 
broker-dealers to review current issuer information before publishing 
priced quotations for a security.  In addition, broker-dealers 
publishing priced quotations  for a security would be required to review 
current information about the  issuer annually and upon the occurrence 
of specified events. The main  difference between this proposal and the 
original proposal is that some larger or more actively traded companies 
would be excluded from the  rule's coverage.
  This spells death to the majority of OTC companies and makes an
incredible burden upon market- makers.  I think that Congress should be 
aware of these proposed changes.  There is already a pending heavy 
burden being placed upon OTC companies to become fully reporting.