April 1, 1999

Jonathan G. Katz, Secretary

Securities and Exchange Commission

450 Fifth Street, Northwest

Washington, DC 20549

Dear Mr. Katz:

We at Carr Securities feel that the proposed changes to Rule 15c2-11 are significant enough to justify an extension of the comment period past the April 7, 1999 deadline. These proposals will affect not only market makers but issuers and investors a full and considered debate is warranted. We think that an additional sixty (60) days would allow a more thorough study of this matter.

Sincerely,

Walter Carucci

President