Date:    06/20/2000  11:57 PM

Subject: File No. S7-24-99

My name is Preston R. Twyman Jr. I am a new investor and not entirely savvy 
concerning the proposed file no. s7-24-99.  I do believe that if other 
exchanges have rules ( rule 10a-1 ) governing short positions of market 
makers, than it should also be required by non-exchange listed securities. 
I am sure you will do what's right to "protect investors and maintain the 
integrity of the securities markets."  My concern is after the rule goes 
into affect and violations occur.  I would hope that S.E.C. vigorously 
enforces this rule and that the penalties be such, that violators lose 
their desire to continue to fraud the public.  This can be done by making 
it more costly to the violator.  Thank You!  Preston R. Twyman Jr.