Securities Exchange Act of 1934
Release No. 50444 / September 24, 2004

Admin. Proc. File No. 3-11685


In the Matter of

ROBERT SNYDER, and JAMES STAMP,

Respondents.



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ORDER INSTITUTING ADMINISTRATIVE PROCEEDINGS PURSUANT TO SECTION 15(b) OF THE SECURITIES EXCHANGE ACT OF 1934, MAKING FINDINGS, AND IMPOSING REMEDIAL SANCTIONS

I.

The Securities and Exchange Commission ("Commission") deems it appropriate and in the public interest that public administrative proceedings be, and hereby are, instituted pursuant to Section 15(b) of the Securities Exchange Act of 1934 ("Exchange Act") against Robert Snyder ("Snyder") and James Stamp ("Stamp") (collectively "Respondents").

II.

In anticipation of the institution of these proceedings, Respondents have submitted Offers of Settlement (the "Offers") which the Commission has determined to accept. Solely for the purpose of these proceedings and any other proceedings brought by or on behalf of the Commission, or to which the Commission is a party, and without admitting or denying the findings herein, except as to the Commission's jurisdiction over him and the subject matter of these proceedings, and the findings contained in Sections III.5 and III.6 below, which are admitted, Respondents consent to the entry of this Order Instituting Administrative Proceedings Pursuant to Section 15(b) of the Securities Exchange Act of 1934, Making Findings, and Imposing Remedial Sanctions ("Order"), as set forth below.

III.

On the basis of this Order and Respondents' Offers, the Commission finds that:

1. Snyder, age 59, is a resident of Wadsworth, Ohio. From December 1997 to present, Snyder has been AlphaCom, Inc.'s ("AlphaCom") President and Chief Executive Officer.

2. Stamp, age 62, is a resident of Norton, Ohio. Stamp served as a distributor for AlphaCom's products.

3. On July 10, 2003, the Commission filed in SEC v. Snyder et al. a Complaint in the United States District Court for the Northern District of Ohio, Case No. 1:03 CV 1349. The Commission's Complaint alleges that, from September 1997 through October 2000, Snyder fraudulently offered and sold AlphaCom's securities, raising at least $8.9 million from over 1,000 investors in at least 22 states. The Complaint alleges that, as part of this offering, Stamp offered and sold $1.7 million of AlphaCom's securities to investors. The Complaint further alleges that Snyder and Stamp fraudulently misrepresented to investors in connection with the offer and sale of AlphaCom securities that AlphaCom owned the exclusive rights to certain novel Internet-related technologies. The Complaint alleges that, contrary to these representations, AlphaCom never owned exclusive rights to these technologies. The Complaint further alleges that Snyder misrepresented to investors that their funds would be used for working capital for AlphaCom, when Snyder actually misappropriated investors' funds to purchase a house and to loan funds to a personal business associate. The Complaint also alleges that Snyder and Stamp offered and sold AlphaCom securities while no registration statement was filed or in effect with the Commission as to those securities.

4. The Complaint also alleges that Snyder and Stamp acted as unregistered brokers in connection with the sale of AlphaCom securities.

5. The Complaint further alleges that Snyder caused AlphaCom to file with the Commission a Form 10-K for the fiscal year ended December 31, 2000, without audited financial statements, and Snyder also failed to have AlphaCom file periodic reports with the Commission since April 2001.

6. On September 15, 2004, in SEC v. Snyder et al, a Final Judgment was entered by consent against Snyder, permanently enjoining him from future violations of Sections 5(a), 5(c) and 17(a) of the Securities Act of 1933 ("Securities Act"), Sections 10(b), 15(a) and 15(c) of the Exchange Act and Rule 10b-5 thereunder and for aiding and abetting AlphaCom in its violation of Section 15(d) of the Exchange Act and Rules 15d-1 and 15d-13 thereunder. Snyder, without admitting or denying the allegations made in the Commission's Complaint, consented to the entry of the Final Judgment.

7. On September 15, 2004, in SEC v. Synder et al, a Final Judgment was entered by consent against Stamp, permanently enjoining him from future violations of Section 5(a), 5(c), and 17(a) of the Securities Act and Sections 10(b), 15(a) and 15(c) of the Exchange Act and Rule 10b-5 thereunder. Stamp, without admitting or denying the allegations made in the Commission's Complaint, consented to the entry of the order of permanent injunction.

IV.

In view of the foregoing, the Commission deems it appropriate and in the public interest to impose the sanctions agreed to in Respondents' Offers.

ACCORDINGLY, IT IS HEREBY ORDERED:

Pursuant to Section 15(b)(6) of the Exchange Act, that Respondent Snyder be, and hereby is barred from association with any broker or dealer; and

Pursuant to Section 15(b)(6) of the Exchange Act, that Respondent Stamp be, and hereby is barred from association with any broker or dealer.

Any reapplication for association by Respondents will be subject to the applicable laws and regulations governing the reentry process, and reentry may be conditioned upon a number of factors, including, but not limited to, the satisfaction of any or all of the following: (a) any disgorgement ordered against the Respondents, whether or not the Commission has fully or partially waived payment of such disgorgement; (b) any arbitration award related to the conduct that served as the basis for the Commission order; (c) any self-regulatory organization arbitration award to a customer, whether or not related to the conduct that served as the basis for the Commission order; and (d) any restitution order by a self-regulatory organization, whether or not related to the conduct that served as the basis for the Commission order.

By the Commission.

Jonathan G. Katz
Secretary