From: Russell Trommer [Russell@smtp.invision.net]
Sent: Tuesday, September 04, 2001 2:03 PM
To: rule-comments@sec.gov
Subject: File No. S7-24-99

Hello,

The notion that OTCBB listed firms must report to the SEC / other 
authorities while the companies that make markets in these stocks are 
NOT  so required is unconscienable to me. As a former market maker in 
fixed income and a student of capital markets I can say that the 
inequity of the situation is nothing short of staggering. Beside the 
fact that this idea was not brought up prior to 1999, I cannot 
believe that this has not been adopted yet and certainly suggests , 
rightly or wrongly, that someone's agenda is being catered to, and it 
is not the interests and welfare of the investing public or the 
listed companies.

Capital markets are inextricably intertwined with democracy, and when 
corruption and deceipt infiltrate unchecked then we have a very 
serious cancer in our democratic structure. Capital markets exist to 
promote capitalism, innovation, production. They are not a trough for 
corrupt and unproductive practices as are exhibited daily in the 
OTCBB market. This situation is nothing short of disheartening.

Why is corruption and unethical manipulation such a debatable topic. 
This should be a no brainer, and the ongoing discussions and lack of 
action seem to be further proof that, sadly, NASD really is by, for 
and to protect, ABOVE ALL ELSE, the securites dealers and their 
interests.

God help, and God bless America.

Russell Trommer

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Russell Trommer
Invision.com, Inc.
47 Mall Drive, Commack, NY 11725
www.invision.net
631.543.1000 x252