Author: "Steve McKinley" Date: 09/15/2000 2:17 PM Subject: short
sales protections Jonathan G. Katz Secretary, Securities and
Exchange Commission 450 Fifth Street, N.W. Washington, D.C.
20549-0609. Reference to File No. S7-24-99 Greetings: I am
submitting, for your review, the following comments in regards
to extending short sales protections for the individual investor
to NASD OTCBB quoted issues. In the past when there was very
limited trading on the NASD OTCBB quotation service, market
making firms making markets in OTCBB issues could act in
unethical and morally wrong manners with impunity. Technology
has changed the way we all trade and invest. No longer can it be
tolerated for the NASD OTCBB to remain a bastion of immorality
in the markets. Many Americans and citizens of other countries
as well invest in and trade the micro-cap issues of the OTCBB.
This increased participation compels the SEC to take action to
fulfill its fiduciary duty to the Congress and the Public Trust
of the United States of Americ