Date:    4/6/99  1:46 PM

Subject: File No. S7-5-99

Greetings Ma'am or Sir,
     
I am writing to express my displeasure with the reproposed amendments to 
Rule 15c2-11.  I believe that these changes would decrease liquidity and 
cause the spreads between the bid and ask prices on OTC BB and NQB pink 
sheet traded securities to widen considerably.  The spreads on these 
securities are bad enough as it is and the last thing we need is for them 
to get worse.  The role of market makers is to provide liquidity, not hunt 
for potential fraud.  Investors should be able to weed out fraudulent 
looking from investment grade companies by doing conducting due diligence. 
Those that appear to be fraudulant can be passed on to the SEC for futher 
investigation.
     
Sincerely,
     
Kurt Bangen