FOR IMMEDIATE RELEASE                                  97-90




   CHAIRMAN LEVITT ANNOUNCES THE SELECTION OF RANDALL J. FONS
           TO HEAD THE SEC'S SOUTHEAST REGIONAL OFFICE




     Washington, D.C., October 8, 1997 -- Chairman Levitt today
announced the selection of Randall J. Fons as Regional Director
of the Commission's Southeast Regional Office.  The region
comprises offices in Miami, Florida and Atlanta, Georgia, and has
both enforcement and regulatory programs in an eight-state area,
and in Puerto Rico and the Virgin Islands.  As Regional Director,
Mr. Fons will oversee these activities as they are conducted
throughout the region.  He will assume his new post at the
beginning of November 1997.  Mr. Fons replaces Charles Senatore,
the present Regional Director, who is returning the private
sector.

     Mr. Fons is currently the Senior Associate Regional Director
in charge of the Midwest Region's enforcement program.  He joined
the Commission staff in 1988 as a staff attorney, and has also
served as a Branch Chief, Senior Trial Counsel, and Assistant
Regional Director (Enforcement).  He assumed his present post in
March 1995.  In these capacities, Mr. Fons has been involved in
several significant enforcement actions, including two Commission
cases against Hibbard Brown, Inc. and F.N. Wolf, Inc.  

     Mr. Fons earned his B.A. degree from the University of
Wisconsin in 1984, and his J.D. degree from the University of
Colorado School of Law in 1987.  

     Chairman Levitt said, "I am very pleased that Randy Fons has
agreed to serve as Director of our Southeast Regional Office. 
Randy is a lawyer with considerable talent and experience which
he will bring to Miami.  He has proven to be an excellent manager
in administering a highly successful enforcement program in the
Commission's Chicago Office.  I am confident that he will carry
out the responsibilities of this important position with
intelligence and effectiveness and I look forward to continuing
to work with him."



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