U.S. SECURITIES AND EXCHANGE COMMISSION

Securities Exchange Act of 1934
Release No. 37248  / May 29, 1996

                      
In the Matter of A.R. Baron & Co., Inc., Andrew Bressman, and
Roman Okin (Administrative Proceeding File No. 3-9010)

     Respondents A.R. Baron & Co., Inc., Andrew Bressman, and
Roman Okin ("the Respondents") today consented to the entry of a
Temporary Cease and Desist Order and Order for Related Relief in
which the Commission ordered them to (1) cease and desist from
violating the anti-fraud provisions of the federal securities
laws; (2) employ, cooperate with and pay for a full-time Special
Compliance Agent, not unacceptable to the Division of
Enforcement, to ensure that the Respondents do not resume the
fraudulent sales practices described in the Division's
application for emergency relief; (3) install a telephone taping
system to record all incoming and outgoing customer
communications and a toll-free telephone number for receipt of
customer complaints; and (4) submit a sworn accounting of all
monies or other assets paid directly or indirectly to any of the
Respondents or other principals Baron employed during the period
January 1, 1995 to the present.  This is the first time that the
Commission has issued a Temporary Cease and Desist Order,
pursuant to legislation enacted in 1990 and rules that went in
effect last year.  The temporary order will remain in effect
during the pendency of the underlying proceeding in which the
Division of Enforcement seeks a permanent cease and desist order
and all appeals therefrom.

     Baron is a broker-dealer headquartered in New York City. 
Bressman is a registered representative and principal of the
firm, as well as its President and Chief Executive Officer.  Okin
is a registered representative and principal of the firm.  

     In the underlying administrative proceeding, the Division of
Enforcement alleges that from at least February 1995 and
continuing to the present, Respondents have engaged in egregious
fraudulent sales practices, including:

     ù    Placing unauthorized trades in customer accounts;

     ù    Refusing to carry out customer sell orders;

     ù    Refusing or delaying to remit proceeds of sales of
          securities to customers;

     ù    Opening accounts for customers without the customers'
          authorization; and

     ù    Placing margin transactions in customer accounts
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          without the customers' authorization.

These practices, it is alleged, are the subject of numerous
recent customer complaints, involving nearly $17 million in
securities.  Many of the allegedly defrauded investors are
residents of the United Kingdom.  (See Exchange Act Release 34-
37240)