December 9, 2019
Dear Sir, Madam,
In my opinion the proposed amendments (file # S7-14-19) are a misguided approach. The planned change will destroy what is a fair and orderly OTC market if price quotes are no longer available. The majority of the businesses that fall under the SEC's rule change are legitimate, well run, family owned and have a long standing history of success.
The complexities of OTC trading are many and I do not think that the broad proposal takes this into account. If you are attempting to prevent penny stock fraud the proposal is not going to achieve this. If this passes, you will reduce the liquidity and market value of stocks that are not shell-companies or penny stock, but rather successful and valuable businesses.
I urge you to reconsider and not adapt, or at least revise your amendments, to protect the people that invested under the old rules. Also stocks which filed form 15 in the past, should not be affected with your new ruling.
Therefore proposed rule S-7-14-19 should not be adopted.
Rgds.
S. Vd Hoogenhoff