UNITED STATES OF AMERICA
Before the
SECURITIES AND EXCHANGE COMMISSION

SECURITIES ACT OF 1933
Release No. 7765 / October 27, 1999

SECURITIES EXCHANGE ACT OF 1934
Release No. 42065 / October 27, 1999

ADMINISTRATIVE PROCEEDING
File No. 3-9992

_____________________________
                             :
     In the Matter of        :
                             :
     GEOFFREY A. NEWMAN,     : NOTICE OF PROPOSED PLAN
                             : FOR THE ADMINISTRATION 
                             : AND DISTRIBUTION OF 
                             : DISGORGEMENT FUND 
        Respondent.          :
_____________________________:

Notice is given, pursuant to the Rule 612 of the Securities Exchange Commission's Rules of Practice, 17 C.F.R. § 201.612, that the Division of Enforcement has filed its proposed Plan for the Administration and Distribution of Disgorgement Fund (the "Disgorgement Distribution Plan") in the above matter with the Securities and Exchange Commission (the "Commission").

OPPORTUNITY TO COMMENT

Pursuant to this notice, all interested parties are advised that the Disgorgement Distribution Plan may be obtained by submitting a written request to Marilyn D. Barker, Senior Counsel, United States Securities and Exchange Commission, Mail Stop 0805, 450 Fifth Street, NW, Washington, D.C. 20549. Further, all persons desiring to comment on the Disgorgement Distribution Plan may submit their views, in writing, no later than November 29, 1999, to the Office of the Secretary, United States Securities and Exchange Commission , 450 Fifth Street, N.W., Washington, D.C. 20549.

PROPOSED DISGORGEMENT PLAN

Pursuant to its Order Instituting Public Proceedings Pursuant to Section 8A of the Securities Act of 1933 and Sections 15(b) and 21C of the Securities Exchange Act of 1934, Making Findings, Ordering Respondent to Cease and Desist, and Imposing Remedial Sanctions against Geoffrey A. Newman entered by the Commission on September 2, 1999, Mr. Newman paid to the Commission disgorgement in the amount of $131,219. The disgorgement related to fraudulent sales practices engaged in by Mr. Newman while as a registered representative from the period 1992 to 1995 with J.B. Hanauer & Co., a broker-dealer registered with the Commission.

The Disgorgement Distribution Plan provides that commissions to Mr. Newman paid by six of his former customers will be distributed on a pro-rata basis. A Commission employee will serve as administrator of the Disgorgement Distribution Plan and will not receive any compensation other than his regular salary pursuant to Rule 614(c) of the Commission's Rules of Practice, 17 C.F.R. §201.614(c).

For the Commission, by its Secretary, pursuant to delegated

____________________
Jonathan Katz
Secretary