UNITED STATES SECURITIES AND EXCHANGE COMMISSION

     Litigation Release No. 15388 / June 19, 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
     entry on May 27, 1997 of final judgments on consent against Michelle P.
     Suppes ("Suppes") and Mark Anthony ("Anthony").  Without admitting or
     denying the allegations in the Commission's Complaint, Suppes and Anthony
     each consented to permanent injunctions against violating (i) a Commission
     Order barring them from association with any broker, dealer, municipal
     securities dealer, investment adviser or investment company ("Bar Order"),
     and (ii) Section 15(b)(6)(B)(i) of the Securities Exchange Act of 1934,
     which prohibits any person subject to a Bar Order from associating with a
     broker or dealer.  Suppes and Anthony also consented to pay civil penalties
     of $5,000 each.

          The Complaint alleged that Suppes and Anthony were violating both the
     Bar Order and Section 15(b)(6)(B)(i) of the Exchange Act by continuing to
     associate with Suppes Securities, Inc., a registered broker-dealer.  The
     Commission issued the Bar Order following final judgments on consent
     entered against Suppes and Anthony in a prior civil injunctive action,
     Securities and Exchange Commission v. Anthony Sarivola, et al. (U.S.D.C. -
     S.D.N.Y.) 95 Civ. 9270 (RPP).  See Litigation Release No. 15214 (January
     15, 1997).


























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