Date:    06/24/2000  1:08 PM

TO: RULE-COMMENTS at 03SEC
Subject: 
 
I am sure you have received this exact context before, but it sums up the 
feelings of a lot of small investors.
     
"Please note, I feel that some degree of government intervention needs to 
occur whenever, like here, a small group or class of people or companies can 
almost completely control the effect that a market has on another group or 
class of people. While not a monopoly, there are monopoly-like power and 
effects that are occurring.
     
Who gets hurt here? If you limit naked short-selling, the market makers will 
still make money. If you don't the individual investor will indeed get hurt 
and the penny stock market will not recover soon, hence new companies will 
find it hard to capitalize and new ideas and technologies will flounder, 
hurting our country and humanity. The bold individual will be hurt. There 
are few frontiers left for us. Don't destroy this one. We are a country of 
pioneers. Please don't allow this one of a few last strongholds of the 
pioneer spirit to die."
     
The ability of Market Makers to affect a stock's value outside of the 
economic and political environment greatly discourages small investors from 
being more active in this market.  I feel this is totally contrary to the 
American Spirit.
     
Anthony Rogers