Elliot S. Fisher, Esq.

Securities Exchange Act of 1934
Release No. 46954 / December 6, 2002

Accounting and Auditing Enforcement
Release No. 1681 / December 6, 2002

Administrative Proceeding
File No. 3-10962

I.

The Securities and Exchange Commission deems it appropriate and in the public interest that an Order of Suspension be issued against Elliot S. Fisher ("Fisher") pursuant to paragraph (2) of Rule 102(e) of the Commission's Rules of Practice [17 C.F.R. § 201.102(2)] ("Rule 102(e)").¹

II.

FINDINGS

The Commission finds that:

A. Fisher is an attorney and has been licensed to practice law in the State of New York since March 1970.

B. On March 16, 2001, the United States District Court for the Eastern District of Pennsylvania entered a judgment against Fisher convicting him of conspiracy to commit securities fraud and to make false and misleading statements to auditors. United States v. Elliot Fisher, 98-CR-63-3 (RFK) (E.D. Pa.).

C. As a result of this conviction, Fisher was sentenced to 6 months in prison and three years of supervised release, and ordered to pay a $10,000 criminal fine and restitution totaling $340,000.

III.

ORDER IMPOSING SANCTIONS

Based upon the foregoing, the Commission finds that Fisher has been convicted of a felony within the meaning of Rule 102(e)(2) of the Commission's Rules of Practice. The Commission deems it appropriate and in the public interest and accordingly, IT IS HEREBY ORDERED, that Fisher be forthwith suspended from appearing or practicing before the Commission as an attorney.

By the Commission.

Jonathan G. Katz
Secretary

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