SECURITIES EXCHANGE ACT OF 1934
Rel. No. 50407 / September 17, 2004

Admin. Proc. File No. 3-11589


In the Matter of

ALFRED J. FLORES


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ORDER DISCONTINUING PROCEEDINGS

The Division of Enforcement, stating that the Office of the Secretary has been unable to effect service of the Order Instituting Proceedings issued herein on Alfred J. Flores, moves to discontinue this proceeding, without prejudice, as to Flores. Flores has not otherwise appeared in this action, and the Division asserts that Flores' current whereabouts are unknown. Under the circumstances, it is appropriate to grant the Division's motion.

Accordingly, IT IS ORDERED that the proceeding against Alfred J. Flores be, and it hereby is, discontinued without prejudice to the institution of new proceedings against him based on the allegations in the Order Instituting Proceedings.

For the Commission by the Office of the General Counsel, pursuant to delegated authority.

Jonathan G. Katz
Secretary