VIA EMAIL: RULE-COMMENTS@SEC.GOV
Re: File No. S7-5-99
I wish to express my concern and opposition to the proposed ruling referenced above. I have invested in OTC companies now for several years with no negative experiences. Because few if any market makers would be willing to deal with OTC companies with this rule in effect then the end result would be the elimination of the market. If this rule is put into effect and closes most if not all microcap companies out of the market then you will be taking away my right to choose these companies and negatively affect the investments that I currently hold. I appreciate the need to address and control fraud in the industry but this proposed rule seems too broad and would unfairly damage legitimate companies and their shareholders.