UNITED STATES OF AMERICA Before the SECURITIES AND EXCHANGE COMMISSION Securities Exchange Act of 1934 Release No. 38726 / June 10, 1997 Administrative Proceeding File No. 3-9329 : ORDER INSTITUTING PUBLIC In the Matter of : PROCEEDINGS, ACCEPTING OFFER : OF SETTLEMENT, MAKING FINDINGS Kyle Weston, : AND IMPOSING REMEDIAL SANCTIONS : PURSUANT TO SECTION 15(b) OF THE Respondent : SECURITIES EXCHANGE ACT OF 1934 : I. The Commission deems it appropriate and in the public interest that proceedings pursuant to Section 15(b)(6) of the Securities Exchange Act of 1934 ("Exchange Act") be, and they hereby are, instituted against Kyle Weston ("Respondent") to determine whether action is necessary in light of the permanent injunction entered against Respondent by the United States District Court for the District of Columbia on February 25, 1997, permanently restraining and enjoining Respondent from future violations of Section 17(a) of the Securities Act of 1933 ("Securities Act") and Sections 10(b) and 15(a) of the Exchange Act and Rule 10b-5 promulgated thereunder. In anticipation of the institution of these proceedings, Respondent has submitted an Offer of Settlement for the purpose of disposing of the issues raised by these proceedings. The Commission has determined that it is appropriate and in the public interest to accept Respondent's Offer of Settlement. Solely for the purposes of this proceeding and any other proceeding brought by or on behalf of the Commission or in which the Commission is a party, prior to a hearing pursuant to the Commission's Rules of Practice, 17 C.F.R.  201.1 et seq., and, unless specifically admitted, without admitting or denying the matters set forth in this Order Instituting Public Proceedings, Accepting Offer Of Settlement, Making Findings And Imposing Remedial Sanctions Pursuant To Section 15(b) Of The Securities Exchange Act Of 1934 (the "Order"), except as set forth in paragraph II.B. below, Respondent consents to the issuance of this Order. ==========================================START OF PAGE 2====== II. FINDINGS AND CONCLUSIONS The Commission finds -[1]- that: A. From on or about March 1995 through March 1996, Respondent was associated with Comprehensive Capital Corp., a broker-dealer registered with the Commission, and from on or about August 1994 through March 1995, Respondent was associated with Barron Chase Securities, Inc., a broker-dealer registered with the Commission, and from on or about March 1994 through August 1994, Respondent was associated with Paragon Capital Corp., a broker-dealer registered with the Commission; B. A Final Judgment as to Kyle Weston was entered by the United States District Court for the District of Columbia in an action styled Securities and Exchange Commission v. Technology International, Ltd., et. al. 1:96CV00025JR (D.D.C., Judgment entered February 25, 1997), which permanently enjoins Respondent from future violations of Section 17(a) of the Securities Act and Sections 10(b) and 15(a) of the Exchange Act and Rule 10b-5 promulgated thereunder; C. According to the Commission's complaint, from July 1992 through October 1993, Respondent, acting as an unregistered broker-dealer, sold unregistered securities to investors, using high-pressure, boiler-room tactics; and D. Respondent willfully violated Section 15(a) of the Exchange Act by making use of the mails or other means and instrumentalities of interstate commerce to effect transactions in, or to induce or attempt to induce the purchase or sale of, any securities, without registering with the Commission as a broker or dealer. III. RESPONDENT'S OFFER OF SETTLEMENT Respondent has submitted an Offer of Settlement in which he consents to the Commission's issuance of this Order, as set forth above, barring Respondent from association with any broker, dealer, investment company, investment adviser, or municipal securities dealer. ---------FOOTNOTES---------- -[1]- The findings herein are not binding on anyone other than Respondent. ==========================================START OF PAGE 3====== IV. ORDER Based on the foregoing, the Commission deems it appropriate and in the public interest to accept the Offer of Settlement of Kyle Weston. Accordingly, IT IS ORDERED that Respondent be, and he hereby is, barred from association with any broker, dealer, investment adviser, investment company or municipal securities dealer. By the Commission. Jonathan G. Katz Secretary ==========================================START OF PAGE 4====== f:\TIL\aporder.kw