Subject: FILE NO.S7-5-99
Author:  <Bdmrk@aol.com> at Internet 
Date:    4/7/99 3:06 PM
     
 
     
Jonathan G.Katz
Secrtary, Securities & Exchange Commission 
Mail Stop 6-9
450 Fifth Street,N.W.
Washington,  D.C.  20549
     
Dear Mr.Katz:
     
Re: File No.S7-5-99
     
We have been informed about the proposed amendment to Rule 15c2-11. 
We support the strengthening of rules to fight fraud, but as a market maker, 
we
strongly oppose this amendment. We believe that it is an unreasonable burden 
for the market maker to take on the responsibilities of due diligence. The 
trader 
would be forced to reduce the amount of securities that he can trade, which 
in 
turn reduces the liquidity of the market, and that is totally 
counterproductive for 
the securities industry. 
     
     
Broadmark Capital Corporation
BD # 39056
     
     
CC VIA MAIL:
     
Arthur Levitt
Isaac C.Hunt,Jr.
Norman Johnson
Paul Carey
Laura simone Unger