UNITED STATES SECURITIES AND EXCHANGE COMMISSION


     Litigation Release No. 15579 / December 4, 1997


     SECURITIES AND EXCHANGE COMMISSION V. JOSEPH A. BREMONT, 
     JIMMY B. SANCHEZ, COMCAR INTERNATIONAL, LTD., 
     COMMERCIAL CAPITAL RESOURCES, INC., LOOMIS LTD., 
     MICHAEL R. SPECTOR, AND R.P.S. FINANCIAL GROUP, INC.,
     96 Civ. 8771 (LAK) (S.D.N.Y.) 

          The Securities and Exchange Commission announced today that, on
     November 26, 1997, the United States District Court for the Southern
     District of New York entered Final Consent Judgments of Permanent
     Injunction and Other Relief against Defendants Joseph A. Bremont
     ("Bremont"), a 58 year old resident of Ocala, Florida, and Jimmy B. Sanchez
     ("Sanchez"), a resident of Texas.  The Final Judgments order Bremont to
     disgorge $1,061,520.00 plus prejudgment interest of $244,417.21 and order
     Sanchez to disgorge $594,000.00 plus prejudgment interest of $166,073.22. 
     The Final Judgments also enjoin Bremont and Sanchez 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 thereunder.  Bremont and Sanchez
     neither admitted nor denied the allegations in the Commission's complaint,
     filed on November 21, 1996.  

          The Commission also announced that, on October 30, 1997, the United
     States District Court for the Southern District of New York entered a Final
     Judgment by Default against relief defendant Loomis Ltd. ("Loomis"), a
     company based in Nassau, Bahamas.  Under the judgment, the court ordered
     Loomis to pay disgorgement of $669,000.00 plus prejudgment interest of
     $205,516.51.  In addition, on October 15, 1997, the court entered Final
     Consent Judgments against relief defendants Michael R. Spector ("Spector"),
     a New Hampshire accountant, and R.P.S. Financial Group, Inc. ("R.P.S."), a
     New Hampshire corporation.  Under the judgments, the court ordered Spector
     to disgorge $119,480.00 plus prejudgment interest of $36,871.28, and
     ordered R.P.S. to pay, jointly and severally with Spector, disgorgement of
     $117,980.00 plus prejudgment interest of $36,743.68.  R.P.S. and Spector
     neither admitted nor denied the allegations in the Commission's complaint. 
     The payment of disgorgement and prejudgment interest by Spector and R.P.S.
     have been waived based on their demonstrated inability to pay.

          The Commission's complaint alleged that Bremont, Sanchez, and two
     entities controlled by Bremont, Commercial Capital Resources, Inc., a
     Florida corporation, and Comcar International, Ltd., a Bahamian company,
     fraudulently obtained more than $2.1 million since 1993 by engaging in a
     scheme involving fictitious "prime bank" securities.  According to the
     complaint, the defrauded investors included residents of New York, Indiana,
     and a group of cadets at the United States Military Academy at West Point. 
     The Commission's complaint also alleged that investor funds were paid to
     Loomis, Spector and R.P.S.


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     For further information, see Litigation Release No. 15163 (November 21,
     1996).



















































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