SECURITIES EXCHANGE ACT OF 1934
Release No. 49543 / April 8, 2004

ADMINISTRATIVE PROCEEDING
File No. 3-11361


In the Matter of

PAUL W. MASON (a/k/a LOUIS R. SARPY), KRISTIN LUCK EMERY, and LAURENCE M. ANDERSON (a/k/a RON LAURENCE)


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ORDER MAKING FINDINGS
AND IMPOSING REMEDIAL
SANCTION BY DEFAULT
AGAINST PAUL WAYNE MASON

On December 18, 2003, the Securities and Exchange Commission (Commission) issued its Order Instituting Proceedings (OIP) pursuant to Section 15(b) of the Securities Exchange Act of 1934 (Exchange Act) against Paul Wayne Mason (Mason) (a/k/a Louis Ronnie Sarpy) and others. Paragraph III.B of the OIP required a determination as to what, if any, remedial action is appropriate in the public interest against Mason and the other Respondents pursuant to Section 15(b)(4)(C) of the Exchange Act.

On February 20, 2004, I asked the Commission's Division of Enforcement (Division) to file and serve a brief statement of the specific sanction(s) it seeks pursuant to Section 15(b)(4)(C) of the Exchange Act. The Division responded by explaining that it seeks to bar Mason and the other Respondents from associating with any broker or dealer (Letter dated February 26, 2004, from Division counsel of record). On February 27, 2004, at the request of the Division, I issued an Order amending the OIP to delete the reference to Section 15(b)(4)(C) of the Exchange Act and to substitute in its place a reference to Section 15(b) of the Exchange Act. See Rule 200(d)(2) of the Commission's Rules of Practice. In all other respects, the amended OIP was identical to the original OIP.

On March 19, 2004, the Division filed a Status Report, demonstrating that Mason received the February 27 Order and the amended OIP on March 15, 2004. Under Rule 220(b) of the Commission's Rules of Practice and Paragraph IV of the amended OIP, Mason's answer to the amended OIP was due no later than April 5, 2004. No answer has been received.

Accordingly, Mason is in default within the meaning of Rules 155(a)(2) and 220(f) of the Commission's Rules of Practice, and an Administrative Law Judge may determine the proceeding against him upon consideration of the record, including the amended OIP, the allegations of which may be deemed to be true.

I find the following allegations in the amended OIP to be true as to Mason:

Mason, age 50, has been incarcerated in the Chuckawalla Valley State Prison, which is located in Blythe, California. From in or about 1997 until approximately September 2001, Mason offered and sold the securities of North American Medical Products, Inc. (NAMP). He did so directly and through a group of persons he employed. The securities were not registered with the Commission and Mason was not registered with the Commission as a broker or dealer.

On March 11, 2003, the Commission filed a complaint in the United States District Court for the Central District of California against Mason and others, captioned SEC v. North American Medical Products, Inc., No. SACV 03-250 AHS (ANx). The Commission's complaint alleged that Mason and others had engaged in the offer and sale of unregistered securities while not registered as brokers or dealers with the Commission. The complaint further alleged that Mason and others made false and misleading statements and material omissions to prospective investors about, among other things, the amount of the commissions being paid on the sale of NAMP stock and NAMP's business prospects.

On August 4, 2003, in SEC v. North American Medical Products, Inc., the district court entered a judgment by default, permanently enjoining Mason from violating Sections 5 and 17(a) of the Securities Act of 1933, Sections 10(b) and 15(a) of the Exchange Act, and Exchange Act Rule 10b-5, based on the conduct described above.

In view of the foregoing, I find that it is in the public interest to bar Mason from associating with any broker or dealer.

Pursuant to Section 15(b) of the Securities Exchange Act of 1934:

IT IS ORDERED THAT Paul Wayne Mason (a/k/a Louis Ronnie Sarpy) is barred from association with any broker or dealer.

__________________________
James T. Kelly
Administrative Law Judge