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         UNITED STATES SECURITIES AND EXCHANGE COMMISSION

Litigation Release No. 15316 / April 4, 1997 

Securities and Exchange Commission v. Michelle P. Suppes and Mark
Anthony (U.S.D.C.-S.D.N.Y.)  97 Civ. 2376 (RPP)

     The Securities and Exchange Commission ("Commission")
announced the filing today of a complaint in the United States
District Court for the Southern District of New York against
Michelle P. Suppes and Mark Anthony.  The Commission's complaint
charges the defendants with violating a prior order of the
Commission which barred both Suppes and Anthony from associating
with, among others, any broker or dealer, and seeks an order
preliminarily and permanently enjoining Suppes and Anthony from
violating the bar order and commanding them to comply with the
bar order.  In addition, the Commission's application for an
order temporarily restraining Suppes and Anthony from continuing
to violate the bar order pending the outcome of a hearing on the
Commission's request for a preliminary injunction was granted.

     On January 15, 1997, the Commission instituted and
simultaneously settled an administrative proceeding against
Suppes and Anthony in which both consented to the issuance of an
Order Instituting Proceedings Pursuant To Sections 15(b)(6) And
19(h) Of The Securities Exchange Act Of 1934, Making Findings,
and Imposing Remedial Sanctions ("Commission Order").  The
Commission Order arose out of permanent injunctions on consent
entered against them in a prior litigation, SEC v. Sarivola, 95
Civ. 9270 (RPP).  The Commission Order bars Suppes from
association with any broker, dealer, municipal securities dealer,
investment adviser or investment company, and provides that
Suppes may reapply for association after two years.  The
Commission Order permanently bars Anthony from association with
any broker, dealer, municipal securities dealer, investment
adviser or investment company and from participating in any
offering of penny stock.

     At the time the Commission Order was issued, Suppes and
Anthony were associated with Suppes Securities, Inc., a
registered broker-dealer.  The Commission's Complaint alleges
that Suppes and Anthony have continued their association with
Suppes Securities in violation of the Commission Order.  Among
other things, Suppes and Anthony have both conducted firm
business on the premises of Suppes Securities, involved
themselves in financial and personnel decisions for the firm, and
Suppes has exercised control over certain firm books and records.