Date:    06/24/2000  4:36 PM

Subject: S7-24-99

     From: Clinton Herby - Investor & Small Business Owner
     
The SEC needs to eliminate the unlimited naked shorting rule used the OTC 
Bulletin
Board market makers now, not next week or next year. I don't completely 
understand the SEC's logic on cleaning up the OTC Bulletin Board market and 
their
stocks. The SEC has forced the OTCBB stocks to be fully compliant in 
reporting or
they are dismissed to the pink sheets, but this not where the biggest problem 
lies
with the OTC Bulletin Board stocks. The biggest problem for the OTCBB market 
is
to "clean up" the manipulative and dishonest practices of OTCBB market makers. 
The market makers act like they are above the law, and just cheat companies 
and
investors out of their money because in the market maker's view they are 
"GOD" and
they alone determine the stock price, not by the actual demand determined by 
investors buying and selling the stocks. Eliminate the naked shorting by 
market makers and then the SEC will have taken a major step in cleaning up 
the OTC Bulletin Board market.
     
Also I feel in the case of Invest America, the market markers are in 
violation of
restraint of fair trading by not supplying the "German" market makers with 
"certificate
based" Invest America stock. Invest America has been approved for trading in 
the
German stock market then why is no trading taking place after at least three 
weeks.
This does not look legitimate that the U.S. market makers will not provide 
certificate
based Invest America stock to the German stock market so that the Germans can 
buy and add buying pressure to Invest America stock, this looks to be 
monopolistic
in preventing trading in Germany by the U.S. market makers. I heard a rumour 
of over
half million shares being wanted by the German investors. This restraint of 
free trade
between U.S. and German market makers pertaining to Invest America stock looks 
to be illegal to me, the SEC should check into this and force the U.S. market 
makers to supply the German market makers with all the certificate-based 
Invest
America stock that they want and are willing to buy. Someone has to put an 
end to
the abusive and dishonest practices of the OTCBB market makers. They are like 
one
big family helping each other to strangle the financial life out of honest 
United States 
companies and their investors. The United States investors, which includes 
me, want a fair and honest chance in the OTCBB market not one runned by and 
governed by
the OTC Bulletin Board market makers( no one protects the U.S. investors in 
the OTCBB market, we are protected by the honesty and integrity of the market 
makers
which adds to a "Big Zero" for protection). The SEC should not allow this 
disgraceful 
market maker situation to continue, eliminate unlimited naked shorting 
now!!!!!!!!!
     
     
     
Sincerely,
     
     
 Clinton Herby