Laurie Jones Canady; Glenn Robert Lawrence, Administrative Law Judge

Securities Exchange Act of 1934
Release No. 47632 / April 3, 2003

Administrative Proceeding
File No. 3-8531

On December 30, 2002, the Commission published notice of the Division of Enforcement's ("Division") proposed Plan for the Distribution of Disgorged Funds (the "Plan") in this proceeding (Rel. No. 34-47107). The Plan proposed that $57,714 disgorged by Respondent Laurie Jones Canady (the "Disgorgement Fund") pursuant to the Commission's Order issued on April 19, 2002 be distributed pro rata among the four customers defrauded by the Respondent.

The Division has submitted its proposed Plan in which David J. Medow, Assistant Regional Director, Midwest Regional Office, is designated as Administrator of the Disgorgement Fund. The Division has requested that the Commission approve the Plan, appoint David J. Medow as Administrator of the Disgorgement Fund and order the distribution of the disgorged funds pursuant to the Plan. The Commission received no comments in response to the publication of the Division's proposed Plan.

IT IS ORDERED that the Plan is approved; and

IT IS FURTHER ORDERED that David J. Medow is appointed as Administrator of the Disgorgement Fund in accordance with the terms of the Plan; and

IT IS FURTHER ORDERED that the Office of Financial Management shall make the following distributions:

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