SECURITIES EXCHANGE ACT OF 1934
Release No. 43322 / September 21, 2000

ADMINISTRATIVE PROCEEDING
File No. 3-10295

ADMINISTRATIVE PROCEEDINGS INSTITUTED AGAINST SHIRLEY A. McKINNEY, DARLAN GORDON, MICHAEL J. McEVOY, FRANCIS A. TAYLOR, IV, DOUGLAS PARKS AND JOHN BROWNSON

On September 21, 2000, the Commission entered an Order Instituting Administrative Proceedings Pursuant to Sections 15(b) and 19(h) of the Securities Exchange Act of 1934 ("Order") against Shirley A. McKinney ("McKinney"), Darlan Gordon ("Gordon"), Michael J. McEvoy ("McEvoy"), Francis A. Taylor, IV ("Taylor"), Douglas Parks ("Parks") and John S. Brownson ("Brownson") based on their convictions for conspiracy to commit securities fraud, mail fraud and wire fraud. United States v. Paul Mabry, et al., Case No. 98-8117-CR-HURLEY (S.D. Fla. 1998) and United States v. McEvoy, Case No. 98-8115 CR- HURLEY (S.D. Fla. 1998).

The Division of Enforcement alleged that McKinney, Gordon, McEvoy, Taylor, Parks and Brownson each pled guilty to one count of an indictment or criminal information charging them with conspiracy to commit securities fraud, mail fraud and wire fraud. The indictment and criminal information alleged that while employed as registered representatives at various registered broker-dealers during various periods between June 1993 and June 1995, McKinney, Gordon, McEvoy, Taylor, Parks and Brownson accepted undisclosed compensation from a promoter for inducing their clients to purchase securities of certain issuers affiliated with the promoter. Each was sentenced to probation and/or prison and ordered to pay restitution to the extent that their clients suffered losses.

A hearing will be scheduled before an administrative law judge to determine whether the allegations in the Order are true and, if so, what remedial sanctions are appropriate for the protection of investors and in the public interest.