UNITED STATES SECURITIES AND EXCHANGE COMMISSION

     LITIGATION RELEASE NO. 15543 / October 27, 1997

     SECURITIES AND EXCHANGE COMMISSION V. RANDALL E. BRADBURY, THE BRADBURY
     FINANCIAL GROUP, INC., and T.B.F.G. INTERNATIONAL, LTD., 96 CV 758
     (RSP/DNH) (N.D.N.Y.)

           The Securities and Exchange Commission announced that on October 7,
     1997, the Honorable Rosemary M. Pooler, United States District Judge for
     the Northern District of New York, entered a Final Consent Judgment of
     Permanent Injunction and Other Relief ("Final Judgment") against defendants
     Randall E. Bradbury ("Bradbury"), The Bradbury Financial Group, Inc.
     ("BFG"), and T.B.F.G. International, Ltd. ("TBFG").   

          The Final Judgment permanently enjoins Bradbury and BFG from future
     violations of Section 17(a) of the Securities Act of 1933 ("Securities
     Act"), Sections 10(b) and 15(a) and (c) of the Securities Exchange Act of
     1934 ("Exchange Act"), and Rules 10b-3, 10b-5, 10b-10, and 15c1-2
     thereunder, and Sections 206(1), (2), and (3) of the Investment Advisers
     Act of 1940 ("Advisers Act") and permanently enjoins TBFG from future
     violations of Section 17(a) of the Securities Act and Section 10(b) of the
     Exchange Act, and Rule 10b-5 thereunder.  The Final Judgment also orders
     the payment of $560,765.62 in disgorgement and prejudgment interest and
     notes the appropriateness of a civil penalty but waives payment of
     disgorgement, prejudgment interest, and penalties based upon the
     defendants' demonstrated inability to pay.  

          The defendants consented to the entry of the Final Consent Judgment
     without admitting or denying the allegations in the Commission's complaint.

          The Commission's Complaint, filed on May 13, 1996, alleged that from
     at least February 1992 through approximately February 1994, Bradbury and
     his companies defrauded approximately 80 investors by making materially
     false and misleading statements concerning the issuers of securities that
     Bradbury recommended and/or sold.  Bradbury also failed to disclose
     material conflicts of interest with respect to certain investments,
     recommended unsuitable investments, and acted as an unregistered broker-
     dealer.  Many of Bradbury's victims were retirees and other persons of
     limited means, many of whom met Bradbury through an evangelical church
     group.  The investments are now worthless.

          The Commission also announced that on October 27, 1997, it
     simultaneously instituted and settled administrative proceedings against
     Bradbury and BFG.  Without admitting or denying the Commission's findings,
     Bradbury consented to the issuance of the Order barring him from the
     securities industry and BFG consented to the issuance of the Order revoking
     its registration as an investment adviser.

          For further information, see Litigation Release No. 14908  (May 13,
     1996).








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