Harvey M. Burstein and James D. Loeffelbein

Securities Act of 1933
Release No. 8184 / January 29, 2003

Securities Exchange Act of 1934
Release No. 47272 / January 29, 2003

Administrative Proceeding
File No. 3-10545

On December 6, 2002, the Commission published notice of the Plan of Disgorgement Distribution ("Plan") proposed by the Division of Enforcement ("Division") in this proceeding. The Plan proposed that $263,345.24 of disgorgement and interest paid by respondents Harvey M. Burstein and James D. Loeffelbein pursuant to the Commission's Orders issued on April 9, 2002 be distributed pro rata among the customers of BMA Financial Services, Inc. ("BMA"), other than Burstein or Loeffelbein, who purchased shares of the common stock of Edgerton Musical Amplifiers, Inc. through BMA between February 20, 1997 and May 31, 1997.

The Commission received no comments in response to the publication of the Division's proposed Plan.

The Division proposes in its Plan that Thomas M. Piccone, Trial Counsel, Central Regional Office, be designated as Administrator of the Plan. The Division has requested that the Commission approve the Plan and appoint Thomas M. Piccone as Administrator of the Plan.

Accordingly,

IT IS ORDERED that the Plan is approved; and

IT IS FURTHER ORDERED that Thomas M. Piccone is appointed as Administrator of the Plan in accordance with the terms of the Plan.

For the Commission, by its Secretary, pursuant to delegated authority.

Margaret H. McFarland
Deputy Secretary