Subject: file no.s7-5-99,15c2-11
Author:  Bill Raike <wjraike@teleteam.net> 
Date:    4/6/99 2:45 PM
     
     
               Attention SEC, please be notified Raike Financial Group
Inc, NASD member no.38095 is strongly opposed to your proposed 
amendments to rule 15c2-11.  Our opinion of this rule change is similar 
to Alan Davidsons comments to Bloomberg news recently where he 
stated...."this proposal is equivalent to holding parents responsible 
for the acts of an adult child".  Although our company does not make 
markets or trade these types of securities, we believe you should 
concentrate your efforts on putting the real crooks out of business 
instead of your members.  The promoters that receive shares of unlisted 
stocks to hype the stock so corporate insiders can dump shares on 
investors at high prices should be held responsible.  Most of the 
promoters are previous brokers that got barred from the industry, but 
yet it's okay for these people to operate at will since they're not 
licensed anymore.  In summary, we believe the companies and or the 
promoters should be responsible for the imformation they 
release.....what are you people thinking????  Thank you for reading my 
comment.
     
Regards,
     
William J. Raike III