SECURITIES AND EXCHANGE COMMISSION
                                                                WASHINGTON, D.C.

         Litigation Release No. 15642 / February 17, 1998

         Securities and Exchange Commission v.Robert A. Foisie 
         Civil No. 98-CV-0420  (D.D.C.) (filed February 17, 1998)

         On February 17, 1998, the Commission filed a complaint in the United States District Court for the District of Columbia
         against Robert Foisie ("Foisie").  The complaint alleges that Foisie, a resident of Old Saybrook, Connecticut, failed to file
         thirty required forms reporting his securities ownership with the Commission, as required by the Securities Exchange Act of
         1934 ("Exchange Act"), for securities transactions in his Stratton Oakmont brokerage account.  Specifically, Foisie failed to
         file eight Schedules 13D, reporting acquisition of beneficial ownership of the common stock of seven issuers; sixteen
         amendments to Schedule 13D, reporting changes in the information with respect to his beneficial ownership of the common stock
         of eight issuers; two Forms 3, reporting holdings of two issuers, and four Forms 4, reporting changes in beneficial ownership
         of two issuers.  The Commission seeks to enjoin Foisie from further violations of Sections 13(d) and 16(a) of the Exchange Act
         of 1934 and Rules13d-1, 13d-2, 16a-2 and 16a-3 thereunder, and order him to pay a $25,000 civil penalty.  Simultaneously with
         the filing of the Commission's complaint, Foisie consented to the entry of a Final Judgment granting the relief sought by the
         Commission and admitted that he had not filed the reports as described above.
































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