UNITED STATES SECURITIES AND EXCHANGE COMMISSION

     LITIGATION RELEASE NO. 15471 / September 4, 1997

     SECURITIES AND EXCHANGE COMMISSION V. JASON S. WALL, 97 Civ. 6526 (JSR)
     (S.D.N.Y.)

     The Commission announced that it filed a Complaint today in federal court
     in Manhattan charging a individual with having defrauded investors of an
     estimated $200,000 by inducing them to give him money to invest in  private
     placements  supposedly being offered by companies with familiar sounding
     names.  In this action, the court granted the Commission s request for
     emergency relief, including a temporary restraining order and an asset
     freeze.

     Named in the Complaint is:

          Jason S. Wall, 26 years old, who is last known to have resided in New
          York, New York.  In the past Jason S. Wall has worked as a registered
          representative for two broker-dealers:  Investors Associates, Inc.,
          where Jason S. Wall worked from February 1994 through July 1994, and
          A.T. Brod & Co., where he worked for approximately one month until the
          firm closed in August 1994.  Jason S. Wall has not been a registered
          representative of any registered broker-dealer since August 1994.

     Specifically, the Complaint alleges that Jason S. Wall, since at least
     1996, has been promising investors who gave him money for investments in
      private placements  with a particular identified company a 25 to 35
     percent return in eight weeks.  Those companies were identified as: 
     Hitachi Inc., Walgreens, Inc., Hasbro Inc., Texas Instruments Inc., Toshiba
     Inc., Frito-Lay Inc. or Mattel Toys.

     According to the Complaint, Jason S. Wall claimed that he worked as a
     securities broker for Rothschild Global Investments, Inc. ("Rothschild
     Global") and that he had access to these offerings through Rothschild
     Global.  The Commission alleges that, in fact, Jason S. Wall does not work
     for Rothschild Global, a broker-dealer that formerly was registered with
     the Commission, but which has been closed since 1995.  Moreover, Jason S.
     Wall allegedly has never been a registered representative of Rothschild
     Global or any other firm containing the name  Rothschild.   According to
     the Complaint, Jason S. Wall never invested the money in the private
     placements as he represented he would do. 

     The Commission also announced that the United States District Court for the
     Southern District of New York issued an order today that, among other
     things, temporarily restrains Jason S. Wall from committing securities
     fraud in violation of Section 17(a) 




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     of the Securities Act of 1933, and Section 10(b) of the Securities Exchange
     Act of 1934 and Rule 10b-5, and freezes his assets.  A hearing on the
     Commission s application for a preliminary injunction and other relief is
     scheduled for Wednesday, September 10, 1997.

     The Commission seeks a final judgment permanently enjoining Jason S. Wall
     from violating Section 17(a) of the Securities Act of 1933, and Section
     10(b) of the Securities Exchange Act of 1934 and Rule 10b-5, and ordering
     him to disgorge his ill-gotten gains and to pay prejudgment interest.

     The litigation is pending.










































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