%hHENRY W. RHOADS
ROBERT H. LONG, JR.*
SHERILL T. MOYER
JAN P. PADEN
RICHARD B. WOOD
LAWRENCE B. ABRAMS III*
J. BRUCE WALTER
JOHN P. MANBECK
FRANK J. LEBER
PAUL A. LUNDEEN
JACK F. HURLEY, JR.
DAVID B. DOWLING
DAVID F. O'LEARY
DAVID O. TWADDELL
CHARLES J. FERRY
STANLEY A. SMITH
JENS H. DAMGAARD*
DRAKE D. NICHOLAS
THOMAS A. FRENCH
DEAN H. DUSINBERRE
DONNA M.J. CLARK
CHARLES E. GUTSHALL
PAUL F. WESSELL
SHAWN D. LOCHINGER
JAMES H. CAWLEY
LORI J. McELROY
DEAN F. PIERMATTEI
TODD J. SHILL
KENNETH L. JOEL
ROBERT F. FRAZIER
THOMAS J. NEHILLA
KEVIN M. GOLD
CARL D. LUNDBLAD
STEPHEN MONIAK
JAMES E. ELLISON
RICHARD E. ARTELL
ROBERT J. TRIBECK
TIMOTHY J. NIEMAN
PAUL J. BRUDER, JR.
JOANNE BOOK CHRISTINE
SUSAN E. SCHWAB
AMY J. MENDELSOHN*
Attorneys at Law
Dauphin Bank Building
Twelfth Floor
One South Market Square
P.O. BOX 1146
Harrisburg, PA 17108-1146
TELEPHONE (717) 233-5731
FAX (717) 231-6669
EMAIL hrhoads@rhoads-sinon.com
May 13, 1999
OF COUNSEL
FRANK A. SINON
JOHN C. DOWLING
R. STEPHEN SHIBLA
NATHAN H. WATERS, JR.
PAUL H. RHOADS
1907-1984
JOHN M. MUSSELMAN
1919-1980
CLYLE R. HENDERSHOT
1922-1980
DIRECT DIAL NO.
(717) 231-6613
FILE NO
.*ALSO ADMITTED TO THE FLORIDA BAR
Re: File No. S7-5-99
Via E-Mail: rule-comments@sec.gov
Jonathan G. Katz, Secretary
Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, DC 20549-0609
Dear Mr. Katz:
We are writing to support the proposed amendments to Rule 15c2-11 under the Securities Exchange Act of 1934, as published. We believe that the requirement for availability of information arising from filings under the securities laws is necessary to protect the investing public in mini cap and micro cap securities from fraud and abuse which may exist under the present system. Considering the information required for listed securities, it seems only logical that suitable sufficient public information should be available for small thinly traded securities where the possibility of abuse is greater.
We urge that the Commission adopt these proposed regulations.
Very truly yours,
RHOADS & SINON LLP
By:
Henry W. Rhoads
HWR/tgs/290639