Subject: (Release No. 34-42450; File No. SR-NYSE-99-48) 

Date:    03/13/2000 8:34 PM
     
     
Issues Relating to Market Fragmentation
     
Release No. 34-42450; File No. SR-NYSE-99-48
     
I appreciate any action that SEC can do to make investing easier by 
addressing Issues Relating to Market Fragmentation.  We do need to 
insure safe guards for the investor.  Eliminating Market Fragmentation 
should not become a buzz word for expanded gambling opportunities on the 
market.  Any time any seller places a sell order, that seller should own 
the security and the certificates should be in the possession of the 
broker.  When an individual attempts to sell something they do not own, 
they are attempting to create counterfeit stock.  Companies can create 
stock individuals can not.  The stock market is the only place in the 
world that has allowed people to sell something they do not own.
     
This process should not be allowed.
     
Don E. Sprague