Subject: File No. S7-5-99 Author: Don Stowell Date: 5/4/99 3:37 PM Jonathon G. Katz, Secretary Securities & Exchange Commission Re: File No. S7-5-99 As President of a small community bank I foresee the above referenced rule as a severe detriment to the establishment and continued operation of any small publicly owned corporation. While our government today is driven by the major corporations of the world, those most able to contribute to the major political parties, all of those companies started as small companies. A brokerage house that makes market in stocks of local interest is a boon to small corporations. He relieves them of the potential legal hardships of a company making its own market and contributes "arms length" third party legitimacy to the transactions. To impose upon that business the unlimited liability to police all financial reporting as the SEC does now for major corporations (with no effective liability) will remove these market makers from this beneficial service. The continuing trend of legislating out the small companies through increasingly difficult bureaucratically imposed rules and regulations is not healthy for the consumers or our economy. Please rethink the consequences of this action. Sincerely, Don Stowell President Mojave Desert Bank mojave@hughes.net