FOR IMMEDIATE RELEASE                                    2000-2

SEC Sues "Tokyo Joe," Internet Website Operator and Stock Picker,
                      for Securities Fraud

     Chicago, IL, January 5, 2000 -- The Securities and Exchange
Commission today brought civil fraud charges against Yun Soo Oh
Park a/k/a Tokyo Joe, and his Company, Tokyo Joe's Societe
Anonyme, for allegedly engaging in a scheme to defraud Societe
Anonyme members from at least July 1998 to at least June 1999.
The SEC alleges that Park engaged in scalping, illegal touting,
and lying about his performance record.

     Park and Societe Anonyme charged their members or clients up
to $200 per month for Park's stock picks and other investment
advice.  The Commission alleges that, on numerous occasions, Park
misled those members by failing to disclose or lying to them
about the fact that he already owned -- and was contemporaneously
selling -- the very stock he was recommending they buy.  In such
instances, Park purchased the stock shortly before his
recommendation to buy and profited by selling the stock into the
buying flurry that followed his recommendation, a practice known
as scalping.  On some occasions, Park expressly recommended that
his subscribers hold a stock for several days or longer or
assigned a certain target price while Park himself was selling
the same stock that day and/or selling it below his target price.
The Commission alleges Park reaped substantial illegal profits
from the above-described activities.

     In addition, the Commission alleges that Park posted on his
Internet website materially false and misleading performance
results.  By doing so, Park recruited new members for Societe
Anonyme and urged current members to follow his recommendations.
Finally, the Commission alleges that Park engaged in illegal
touting.  In connection with at least one of his stock picks,
Park failed to disclose that he had received shares of common
stock from an issuer in exchange for recommending the stock.

     SEC Enforcement Director Richard H. Walker said, "The
Internet has witnessed the rapid growth of websites run by self-
proclaimed investment gurus.  Today's action makes clear that we
will not tolerate fraudulent conduct or undisclosed conflicts of
interest by those peddling investment advice on the Internet."

     SEC Midwest Regional Director Mary Keefe said, "Whether on
the Internet or otherwise, those who counsel others to buy and
sell securities have the responsibility to speak truthfully and
fairly disclose to their clients the financial benefits they reap
from their advice.  This action confirms that we take this
responsibility seriously."

     The Commission's action, filed in the U.S. District Court
for the Northern District of Illinois, seeks a permanent
injunction against Park and Societe Anonyme, disgorgement of
their ill-gotten gains including prejudgment interest, and civil
penalties.

     Park resides in New York, NY and during the relevant period
was Societe Anonyme's sole officer and shareholder.  Park
operates Societe Anonyme from his home in New York.

     For further information, call Tim Warren at (312) 353-7394
or Dan Gregus at (312) 353-7423.

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