Subject: SEC Rule changes
Author:  Barbara Dobbs-McCauley <jimandbarb@home.com> at Internet 
Date:    11/17/99 5:42 PM
     
     
     
Subject: File No. S7-24-99
     
Date:    11/14/99 2:09 PM
     
     
Short sales abuses take place on a daily basis in the OTC markets.  It is 
time for the Commission to adopt under other available statutory authority 
regulations that extend short sale regulations to new market sectors.
     
All public companies have an obligation to fully disclose its financials and 
we have the right to know public company operations.  I applaud the action 
taken by the SEC against internet fraud.  However, the biggest threat to the 
OTC BB market is outrageous price manipulation by some market makers and 
foreign brokerage firms.  ILLEGAL SHORTING  IN MY VIEW  is the biggest fraud 
we have in the market.
     
If you are serious about protecting the public from any frauds, the SEC 
should regulate short sales in any stock markets as listed stock.
     
JAMES MCCAULEY