UNITED STATES SECURITIES AND EXCHANGE COMMISSION

     Litigation Release No. 15489 / September 11, 1997                          
     SECURITIES AND EXCHANGE COMMISSION V. BERNARD ZELENKA, Civil Action No. 
     3:97-0922 (M.D. Tenn.)

          The Securities and Exchange Commission announced that on September 4,
     1997, the Commission filed a complaint in the United States District Court
     for the Middle District of Tennessee seeking an order from the Court,
     pursuant to Section 21(e) of the Securities Exchange Act of 1934, requiring
     Bernard Zelenka ("Zelenka") to comply with the terms of the Order Making
     Findings And Imposing Sanctions By Default ("Commission's Order") which the
     Commission issued on January 16, 1997 in the administrative proceeding In
     The Matter of Bernard Zelenka, Administrative Proceeding File No. 3-9130
     (see Securities Exchange Act Release No. 38178).  The Commission's
     complaint seeks an order requiring Zelenka to comply with the Commission's
     Order by paying the disgorgement, prejudgment interest and civil penalties
     which he owes.  The complaint further requests that Zelenka be held in
     contempt of Court if he fails to promptly pay the $1,483,444.80 in fines
     owed.

          The Complaint alleges that the Commission's Order directed Zelenka,
     inter alia, to disgorge $1,372,069, the sum which Zelenka fraudulently
     obtained from investors, plus prejudgment interest in the amount of
     $113,075.80, and to pay a civil penalty of $100,000.  Zelenka has failed to
     comply with the Order.  The Commission's Order found that Zelenka was the
     president of H.L. Camp & Co. ("HL Camp"), a broker dealer registered with
     the Commission since November 1, 1985, and that, from July 1995 through
     January 1996, Zelenka misappropriated approximately $1,372,069 from his
     customers and converted those funds to his personal use. The Commission's
     Order also found that Zelenka prepared false account statements, misled
     customers, and disbursed purported interest and dividend payments in his
     efforts to conceal the misappropriation of customer funds.  




















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