U.S. SECURITIES AND EXCHANGE COMMISSION Litigation Release No. 15825 / July 30, 1998 Securities and Exchange Commission v. Frank A. M. Luca, Rudy Crosswell and Paula G. Den Boer, Civil Action No. 97-1813 (PHX) (EHC) (D. AZ). The Commission announced that on July 17, 1998, Judge Earl H. Carroll of the District Court for the District of Arizona entered Final Injunctions of Permanent Injunction based upon consent against Rudy Crosswell ("Crosswell") and Paula G. Den Boer ("Den Boer"). The Commission's Complaint filed on August 27, 1997 had charged Crosswell and Den Boer with sale of unregistered securities in violation of Sections 5(a) and 5(c) of the Securities Act of 1933 ("Securities Act") and failure to register as a broker in violation with Section 15(a)(1) of the Securities Exchange Act of 1934 ("Exchange Act"). The case remains pending against Defendant Frank A. M. Luca. The Commission also announced that on July 27, 1998, it issued an Order Instituting Public Administrative Proceeding Pursuant to Sections 15(b) and 19(h) of the Securities Exchange Act of 1934, Making Findings, and Imposing Remedial Sanctions against Crosswell and Den Boer based on the entry of an injunction against them. The Complaint alleged that Crosswell and Den Boer engaged in the sale of unregistered securities and sold securities as unregistered brokers or dealers. The Commission accepted Crosswell's and Den Boer's Offer of Settlement in which they both consented, (without admitting or denying the Commission's findings, to the entry of an order suspending both of them from association with any broker or dealer, for a period of twelve months. In the Matter of Rudy Crosswell and Paula G. Den Boer Administrative Proceeding File No. 3-9656.