Subject: File No. S7-3-98
Date:    4/27/98 5:26 PM
     
     
I am writing in response to the proposed amendments to Rule 15c2-11.
     
I am very much in favor of increased regulation to reduce fraud and 
manipulation in the trading of non-exchange and NASDAQ stocks.  However, I 
don't believe the propsed regulation are the best method.  I support the 
comments of thee National Quotation Bureau.
     
I would further like to suggest increased regulation in the area of short 
trading.  I beleive the markets makers should have to disclose their short 
positions as well as be precluded from participating in naked shorting.
     
This is an area where there is rampant abuse in the markets which take the 
markets out of the economic rule of prices fluctuating based on supply and 
demand to one where it is artificially controled by the market makers.
     
Thank you.
     
     
John M. Dab