Subject: Rule 15c2-11 Author: "Den" Date: 5/4/99 4:37 PM May 4, 1999 Jonathan G. Katz Secretary, Securities Exchange Commission Re: File No. S7-5-99 This e-mail is to register my opposition to the proposed amendments to Rule 15c-2-11 that governs quoting stock on the OTC Bulletin Board. If proposed amendment is adopted, it will seriously limit the liquidity of small company stocks such as Plumas Bank as market makers refuse to accept the responsibility of policing small cap stocks. It appears to me small banks are already adequately policed as a result of reporting requirements to government regulators, SEC and outside independent CPA firms. Don't make it more difficult than it already is for small companies to grow and prosper. Thank you for your consideration. William E. Elliott President and Chief Executive Officer Plumas Bank 35 South Lindan Avenue Quincy, CA 95971 530/283-7305 e-mail: pb@psln.com