SECURITIES ACT OF 1933
Release No. 8357 / January 28, 2004

SECURITIES EXCHANGE ACT OF 1934
Release No. 49135 / January 28, 2004

INVESTMENT ADVISERS ACT OF 1940
Release No. 2210 / January 28, 2004

Admin. Proc. File No. 3-9042




In the Matter of

IMS/CPAs & Associates, Vernon T. Hall, Stanley E. Hargrave and Jerome B. Vernazza,

Respondents.  



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ORDER APPROVING PLAN OF DISTRIBUTION

On December 10, 2003 (Release No. 33-8342), the Commission published notice of the Division of Enforcement's proposed distribution of disgorged funds in this proceeding. The Division proposed that Sheldon M. Jaffe be designated as administrator of the disgorgement fund and that $117,862.75 be distributed to 28 advisory clients of IMS/CPAs & Associates. The notice invited nonparties to comment on the plan of distribution. The Secretary of the Commission and the Division received no comments or inquiries in response to the publication of the Division's proposed plan. Therefore,

IT IS ORDERED that Sheldon M. Jaffe is the administrator of the disgorgement fund; and

IT IS FURTHER ORDERED that, pursuant to the plan of distribution filed by the Division of Enforcement, the administrator of the plan distribute the disgorgement to the advisory clients of IMS/CPAs & Associates identified on Exhibit A attached to this Order in the amounts shown and certify in writing to the Secretary of the Commission within thirty days that the distribution has been completed in accordance with the plan.

For the Commission, by its Secretary, pursuant to delegated authority.

Jonathan G. Katz
Secretary


In re IMS/CPAs & Associates
Administrative Proceeding No. 03-9042
Exhibit A
Plan of Distribution

Name

Amount

Charlie Bacon

$234.64

Marion Baker

437.80

Marretta Beidelman

379.32

Milton R. Cavalli

221.88

Dr. & Mrs. William F. Dodson

1,308.77

Sally Dow

1,669.77

Wm. Eisenbaher

130.10

Virgil Fulton

694.96

Jim & Anne Goulding

2,107.82

Howard Granger TB

121.46

Howard Granger VB

147.53

Dr. & Mrs. Samuel Gross

4,009.80

Bonnie Joyce Haughton

3,167.78

Willie Hirter

2,271.37

David & Martha Intersimone

459.27

Walter Kienale

211.35

Mildred Lee

724.30

Mr. & Mrs. Peter H. Mattson

3,759.78

Mattson & Co.

8.078.33

MarthaElin Mountain

1,270.32

MarthaElin Mountain, TTEE Trust A

25,449.55

MarthaElin Mountain, TTEE Trust B

1,183.19

Helen Parsons

16,233.10

Peter Parsons

36,571.43

Arthur and Gloria Price

3,062.58

Mr. And Mrs. Donald Reinke

247.20

Don and Jean Schrader

3,256.74

Dr. and Mrs. David A. Stein

452.61

Total

$117,862.76

 

See also:

* Release No. 33-8432, Dec. 10, 2003