SEC NEWS DIGEST

Issue 2002-122                                               June 25, 2002


COMMISSION ANNOUNCEMENTS
     

COMMISSION MEETINGS
          
     A closed meeting will be held on Monday, July 1, 2002, at 1:00 p.m., and
     an  open meeting will be held on Tuesday, July 2, 2002, at 1:00 p.m., in
     Room 1C30, the William O. Douglas Room.

CLOSED MEETING - MONDAY, JULY 1, 2002 - 1:00 P.M.
     
     The  subject matter of the closed meeting scheduled for Monday, July  1,
     2002,  will  be:   Formal  orders  of  investigation;  Institution   and
     settlement   of  injunctive  actions;  Institution  and  settlement   of
     administrative proceedings of an enforcement nature; and Opinion.
     
OPEN MEETING - TUESDAY, JULY 2, 2002 - 1:00 P.M.

     The  subject matter of the open meeting scheduled for Tuesday,  July  2,
     2002, will be:

     1.   The Commission will consider whether to adopt amendments to Rule 31-
          1  under  the  Securities Exchange Act of 1934 to  clarify  how  to
          calculate  assessments that are required to  be  paid  by  national
          securities exchanges and national securities associations  pursuant
          to   Section  31(d)  of  the  Exchange  Act  for  security  futures
          transactions.   The proposed amendments to Rule 31-1  also  provide
          guidance on how to calculate fees that are required to be  paid  by
          national  securities exchanges and national securities associations
          pursuant   to   Sections  31(b)  and  (c)  of  the  Exchange   Act,
          respectively, for sales of securities that result from the physical
          settlement of security futures.
     
     2.   The Commission will consider proposed rules to be issued jointly by
          the  Commission  and  the Department of the  Treasury  implementing
          section  326 of the Uniting and Strengthening America by  Providing
          Appropriate Tools Required to Intercept and Obstruct Terrorism  Act
          of  2001.   Section 326 requires the Secretary of the  Treasury  to
          jointly  prescribe  with  the Commission  regulations  that,  at  a
          minimum,  require  broker-dealers and  mutual  funds  to  implement
          reasonable  procedures  to (1) verify the identity  of  any  person
          seeking   to  open  an  account,  to  the  extent  reasonable   and
          practicable, (2) maintain records of the information used to verify
          the person's identity, and (3) determine whether the person appears
          on  any  lists  of  known  or  suspected  terrorists  or  terrorist
          organizations provided to the broker-dealer or mutual fund  by  any
          government agency.

     At  times, changes in Commission priorities require alterations  in  the
     scheduling  of meeting items.  For further information and to  ascertain
     what,  if  any,  matters have been added, deleted or  postponed,  please
     contact:  The Office of the Secretary at (202) 942-7070.


RULES AND RELATED MATTERS
     

TECHNICAL AMENDMENTS TO RULES AND FORMS DUE TO THE NATIONAL SECURITIES
MARKETS IMPROVEMENT ACT OF 1996 AND THE GRAMM-LEACH-BLILEY ACT

     The  Commission issued a release today that adopts technical  amendments
     to Rules 3a-1, 3a-2, 3a-3, 3a-5, 3a-6, 6c-6, 6e-2, 6e-3(T), 20b, and 30f-
     1  under the Investment Company Act and Rules 16a-2 and 16a-3 under  the
     Securities  Exchange  Act of 1934.  The release  also  adopts  technical
     amendments to Forms 3, 4, and 5, the forms that are used to disclose the
     holdings  of  officers,  directors, and certain security  holders.   The
     technical amendments correct statutory references currently included  in
     the  rules  and  the forms to reflect the changes made by  the  National
     Securities  Markets  Improvement Act of 1996 and the  Gramm-Leach-Bliley
     Act.   For  further information, contact Hugh P. Lutz at (202) 942-0695.
     (Rels. 34-46106 and IC-25621)


ENFORCEMENT PROCEEDINGS
     

STOP ORDER ENTERED REGARDING INVESTMENT TECHNOLOGY REGISTRATION STATEMENTS
  
     On  June 24, the Commission entered a consent stop order, suspending the
     effectiveness of registration statements filed by Investment Technology,
     Inc.   The Commission entered the order pursuant to Section 8(d) of  the
     Securities  Act  of  1933,  after finding  that  Form  S-8  registration
     statements  filed  by Investment Technology in January  and  March  2002
     contained  untrue  statements of material  facts  and  omitted  material
     facts,   either  directly  or  by  their  incorporation  of   Investment
     Technology's previous filings with the Commission on Forms  10-KSB,  10-
     QSB  and  8-K.   Among  other things, Investment  Technology  failed  to
     disclose  how it could satisfy its cash requirements, the indictment  of
     one  of its control persons, litigation by Investment Technology against
     the  control person, and disagreements between Investment Technology and
     its former certifying accountant.  Also, Investment Technology failed to
     make various material disclosures for the year ending December 31, 2001,
     by  its  failure to file an annual report on Form 10-K for that  period.
     (Rel. 33-8108; File No. 3-10760)
  
  
IN THE MATTER OF THE S.I.N.C.L.A.R.E. GROUP, INC.

     The  common stock registration of The S.I.N.C.L.A.R.E. Group, Inc.,  has
     been  revoked. An administrative law judge ordered the sanction on  June
     24, 2002.
     
     In   finding   The  S.I.N.C.L.A.R.E.  Group,  Inc.,  in   default,   the
     administrative  law  judge  determined that it  failed  to  comply  with
     Sections  13(a)  and 10(b) of the Exchange Act and Rules 13a-1,  13a-11,
     13a-13,   and  10b-5  thereunder.   Pursuant  to  Section   12(j),   The
     S.I.N.C.L.A.R.E.  Group, Inc.'s common stock registration  was  revoked.
     (Rel. 34-46105; File No. 3-10767)
     
IN THE MATTER OF MICHAEL LESTER

     On  June  24,  the  Commission issued an Order Instituting  Proceedings,
     Making  Findings,  And Imposing Remedial Sanctions Pursuant  to  Section
     15(b)  of  the  Securities Exchange Act of 1934 (Order) against  Michael
     Anthony Lester. The Order finds that On May 14, 2002, the United  States
     District  Court for the Southern District of New York, entered  a  final
     judgment   against  Lester  in  an  action  captioned  SEC  v.  American
     Healthcare  Providers,  Inc. et. al.,  01 cv 7649  (B.S.J.)  (Injunctive
     Action),  which,  among other things, permanently  enjoins  Lester  from
     future  violations of Sections 17(a) and 17(b) of the Securities Act  of
     1933  (Securities Act) and Section 10(b) of the Exchange Act,  and  Rule
     10b-5  thereunder.   In the Injunctive Action, the  Commission  alleged,
     among  other things: (a) that from at least April 2000 through June  14,
     2000,  Lester participated in a fraudulent unregistered distribution  of
     American  Healthcare common stock; (b) that at the time of  the  alleged
     misconduct, American Healthcare common stock was a penny stock, as  used
     in  Section 15(b)(6) and as defined by Section 3(a)(51) of the  Exchange
     Act  and  Rule 3a51-1 thereunder; (c) that Lester promoted the  sale  of
     American Healthcare common stock by drafting press releases, maintaining
     websites and by posting messages on the Internet, which contained  false
     and   misleading  information  about  American  Healthcare's   financial
     condition  and  business prospects; and (d) that Lester  had  agreed  to
     receive unrestricted American Healthcare stock in exchange for promoting
     American Healthcare.  American Healthcare stock was a "penny stock,"  as
     that term is used in Section 15(b)(6) and defined by Section 3(a)(51) of
     the Exchange Act and Rule 3a51-1 thereunder.
     
     Based on the above, the Order bars Lester from participating in the
     offering of a penny stock.  (Rel. 34-46107; File No. 3-10810)
     
SEC  SUES  PERPETRATOR OF BOGUS BLOOMBERG STORY POSTED  ON  INTERNET  MESSAGE
BOARDS
     
     On  the  morning  of  May  13, 2002, Benjamin C. Snyder,  a  17-year-old
     Lawrenceville,  Georgia  high school student, purchased  785  shares  of
     thinly  traded Viragen International, Inc. (Viragen) stock (at $.60  per
     share) via an online brokerage account.  On the evening of May 13, in an
     effort  to artificially inflate Viragen's stock price, Snyder visited  a
     nearby public library, accessed the Internet via a library computer, and
     posted,  under  an alias, a bogus Bloomberg article on  several  popular
     Internet  message  boards dedicated to investor discussions.   The  fake
     Bloomberg   article  (which  was  attributed  to  an  actual   Bloomberg
     journalist)  reported  that  Viragen's  share  price  was  "expected  to
     multiply 6-7 times" as a result of receiving FDA approval for a secretly
     developed   and  tested  "effective  anthrax  cure."   In  addition   to
     concocting  the  phony Bloomberg story, Snyder lied in the  Raging  Bull
     postings  about his own position in Viragen stock, stating that  he  had
     "no  position"  in  Viragen stock, when in fact, he  owned  785  shares.
     Snyder's scheme failed to influence the market for Viragen stock.
     
     Accordingly,   the   Commission  issued   an   order   instituting   and
     simultaneously  settling  cease-and-desist proceedings  against  Snyder.
     Snyder  consented  to  the  issuance of  the  Commission  order  without
     admitting  or denying any of its findings.  The order found that  Snyder
     violated  Section 10(b) of the Securities Exchange Act of 1934 and  Rule
     10b-5 thereunder.
     
     The  Commission  acknowledges the assistance of  the  NASD  Regulation's
     Market  Regulation  Department and the Amercian Stock Exchange's  Market
     Surveillance Department.   (Rel. 34-46108; File No. 3-10811)
     
SEC  CHARGES OHIO MAN AND CO-DEFENDANTS WITH RUNNING A PONZI SCHEME DISGUISED
AS  A  HEDGE FUND AND DEFRAUDING INVESTORS OF MILLIONS OF DOLLARS; SEC BRINGS
SEPARATE  ACTION  AGAINST LICENSED SECURITIES BROKER  TO  ENFORCE  COMMISSION
SUBPOENAS

     The  Commission  announced that on June 24 it filed a  civil  injunctive
     action  in  federal district court in Columbus, Ohio,  accusing  Von  C.
     Cummings  and  others of defrauding dozens of investors by conducting  a
     Ponzi  scheme  through  a  purported Ohio-based  hedge  fund,  Paramount
     Financial  Partners,  L.P.   The  Commission's  complaint  alleges  that
     Cummings  and  various marketers induced investors to pay at  least  $15
     million  into the hedge fund from at least May 2000 through March  2001,
     but that Cummings and others misappropriated or diverted those funds  to
     pay  earlier  investors, pay secret commissions  to  various  securities
     brokers and pay personal and business expenses.

     The  Commission's complaint names Von C. Cummings, 32, of  Dublin,  Ohio
     and  two entities that he controls, Paramount Financial Partners,  L.P.,
     and Paramount Capital Management, LLC.  The complaint also names two  of
     Paramount's  chief  marketers,  John A.  Ryan,  40,  of  San  Francisco,
     California  and Kevin L. Grandy, 32, of Columbus, Ohio.  Also  named  is
     James  Curtis  "Curt"  Conley,  age 31,  of  Columbus,  Ohio,  a  former
     Paramount employee who posed as the owner of a New York brokerage  house
     in connection with one of Cummings' investment schemes.

     The  Commission's  complaint alleges that Paramount,  through  Cummings,
     Ryan,  Grandy  and  other marketers, falsely portrayed  Paramount  as  a
     "registered hedge fund" that generated supposed investment returns of as
     much  as  99  percent.  Victims were told that Paramount had  access  to
     certain discounted securities that they could purchase through Paramount
     and  sell  for  large profits.  Victims were also told  that  they  were
     required to maintain their principal and supposed profits with Paramount
     for  a  set period of time.  The complaint alleges that Paramount issued
     false trade confirmations and account statements to trick investors into
     believing  that Paramount had purchased and sold certain securities  for
     their  accounts and generated large profits.  Paramount then raised  new
     investor funds that it used to pay earlier investors and to pay personal
     and business expenses.

     The  Commission's complaint charges that Cummings, Paramount  Financial,
     Paramount Capital, Ryan, Grandy and Conley violated 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.  The complaint further alleges  that
     Paramount  Financial and Paramount Capital violated Sections 206(1)  and
     206(2)  of the Investment Advisers Act of 1940 (Advisers Act)  and  that
     Cummings, Ryan, Grandy and Conley aided and abetted those violations  of
     the  Advisers Act.  The complaint seeks, among other things, a temporary
     restraining  order that prohibits the primary defendants from  accepting
     funds from actual or potential investors, requires them to provide sworn
     accountings, and enjoins them from further violations of the  securities
     laws referenced above.
     
     In  addition to the primary defendants, the complaint names four  relief
     defendants:  U.S. African Corp., Gordon Lending Corp., Gordon L.  Yocom,
     and  Patrick  Susemihl.   The complaint does  not  charge  these  relief
     defendants  with substantive violations of the federal securities  laws.
     Rather,  because U.S. African, Gordon Lending, Yocom and  Susemihl  each
     received   investor  funds  as  a  result  of  the  primary  defendants'
     misconduct, the Commission is seeking return of those monies.

     In  a related proceeding also commenced on June 24, 2002, the Commission
     filed an action in federal district court in Washington, D.C., to obtain
     a  court order requiring Mark D. Deyak, a licensed securities broker  in
     New  York,  to obey subpoenas issued in furtherance of the investigation
     into Paramount's activities.  The complaint alleges that Deyak, while  a
     broker  with  American  Investment Services, Inc., received  undisclosed
     commissions  for  referring brokerage clients to invest with  Paramount.
     [SEC  v.  Von Christopher Cummings, Paramount Financial Partners,  L.P.,
     Paramount  Capital Management, LLC, John A. Ryan, Kevin  L.  Grandy  and
     James  Curtis Conley, No. C2 02 629 (S.D. Ohio)]; [SEC v. Mark D. Deyak,
     Misc. No.1:02 MS 00279 (D.D.C.)] (LR-17581)

SEBASTIAN  CORRIERE  PRELIMINARILY ENJOINED  FROM  SOLICITING  INVESTORS  FOR
FICTITIOUS TRADING PROGRAMS

     On  June 18, the Honorable Elizabeth A. Kovachevich of the United States
     District  Court for the Middle District of Florida entered a preliminary
     injunction  order  (Order) against Sebastian Corriere (Corriere),  based
     upon  his  sales  of approximately $3 million in fraudulent  prime  bank
     securities.   The Order found that the Commission was reasonably  likely
     to  prevail  on  the  merits of the allegations in  its  complaint  that
     Corriere  had  engaged  in  fraud  and registration  violations  of  the
     securities  laws.  The Order also froze Corriere's assets,  as  well  as
     those  of  two relief defendants, Quantum Equities, Inc. and  The  Kings
     Fellowship,  Inc.,  which  the  Commission  alleged  are  controlled  by
     Corriere and received proceeds from the fraud.
     
     The  Court had previously issued a temporary restraining order (TRO)  on
     April  18,  2002,  based on a complaint filed by  the  Commission.   The
     Commission has alleged that Corriere, a resident of Clearwater, Florida,
     raised almost $3 million from investors located across the country.  The
     complaint  alleged  that  Corriere offered  participation  interests  in
     fictitious  prime bank trading programs involving medium term  notes  or
     MTNs.  Corriere allegedly promised investors a return of 100 percent per
     week,  guaranteed  investors  that they could  not  lose  their  initial
     investment,  and told investors that these trading programs  were  risk-
     free  and safe.  According to the Commission's complaint, these  trading
     programs  do  not exist, investors never received the returns  promised,
     and  most  investors lost their initial investment.   In  addition,  the
     complaint  alleged  that  Corriere  diverted  some  investor  funds  for
     personal  use.   The  complaint alleged that, by this conduct,  Corriere
     violated  Sections 5(a), 5(c), and 17(a) of the Securities Act  of  1933
     and  Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5
     thereunder.  The action is ongoing.
     
     This  case is part of the Commission's continuing effort to combat prime
     bank  fraud  and to alert the public to the risks posed by  these  phony
     investments.  The risk of this type of fraud and warnings about  how  to
     avoid it are spelled out in the Interagency Advisory: Warning Concerning
     "Prime  Bank"  Notes,  Guarantees, and Letters  of  Credit  and  Similar
     Financial  Instruments (October 21, 1993), which  is  discussed  on  the
     Commission's                         Homepage                         at
     http://www.sec.gov/divisions/enforce/primebank.shtml.   The   Commission
     wishes  to thank the Portland, Oregon Field Office of the Federal Bureau
     of Investigation for its assistance in this matter.    [SEC v. Sebastian
     Corriere, et al., U.S. District Court for the Middle District of Florida
     (Tampa Division), Civil Action No. 8:02-CV-666-T17EAJ (M.D. Fla.)]  (LR-
     17582)
          
PERMANENT  INJUNCTION, ASSET FREEZE, AND OTHER RELIEF ORDERED  IN  FRAUDULENT
HEDGE FUND OFFERING

     On June 20, the Commission obtained an Order of Permanent Injunction and
     Other   Equitable   Relief  (Order  of  Permanent  Injunction)   against
     defendants House Edge, L.P. (Hedge Fund), House Asset Management, L.L.C.
     (Adviser),  Paul  J.  House  (House),  and  Brandon  R.  Moore  (Moore),
     enjoining  them from violating the antifraud and registration provisions
     of  the federal securities laws.  The Order of Permanent Injunction also
     freezes  the  assets of the Hedge Fund, the Adviser,  House,  and  Moore
     pending  resolution of the appropriate amount of disgorgement and  civil
     penalties,  requires  the  defendants to give an  accounting,  prohibits
     document  destruction and permits expedited discovery.   The  defendants
     consented  to  the  Order of Permanent Injunction without  admitting  or
     denying the allegations of the Commission's complaint.
     
     In  its complaint, the Commission alleged that, from at least March 2000
     to  the  present, the defendants conducted an unregistered  offering  of
     units  in  the  Hedge  Fund,  raising approximately  $2.9  million  from
     approximately 60 investors.  The complaint alleged that House and  Moore
     controlled  the  Hedge  Fund.  The complaint further  alleged  that  the
     defendants, in Hedge Fund offering materials, falsely claimed  that  the
     Hedge  Fund  had  used  a sophisticated securities  trading  program  to
     generate  cumulative returns of 148% since its inception in March  2000.
     In  reality,  the complaint alleged, the Hedge Fund had  lost  at  least
     $850,000  since  its inception, and House and Moore had used  more  than
     $400,000  in  investor proceeds to buy real estate for  themselves.  The
     Complaint  also  alleged that the defendants made false  and  misleading
     statements  about  House's background in Hedge Fund offering  materials.
     [SEC v. House Asset Management, L.L.C., House Edge, L.P., Paul J. House,
     and  Brandon  R. Moore, U.S. District Court for the Central District  of
     Illinois, Civil Action No. 02-2147 (McCuskey, J.)] (LR-17583)
     
DALLAS  LAW FIRM AGREES TO PAY $1.2 MILLION FOR VIOLATING COURT ORDER IN  SEC
ENFORCEMENT ACTION

     The  Commission announced today that the Dallas law firm  Gardere  Wynne
     Sewell LLP has agreed to pay $1.2 million for violating a court order in
     a  pending SEC civil lawsuit against Sharp Capital Advisors Inc., one of
     the law firm's former clients.  For 18 months, Gardere failed to produce
     27 boxes of Sharp's records in its possession that the court had ordered
     produced.   The  $1.2  million being paid will  be  used  to  compensate
     investors who lost money in the scheme underlying the SEC's suit.
     
     Sharp  is a former registered investment adviser that catered to Mexican
     and  other  Latin  American investors.  The SEC  lawsuit  against  Sharp
     alleged that the company and its principal, Mauricio Gutierrez, lost  as
     much  as $80 million of client funds in highly leveraged investments  in
     speculative securities of Eastern European and South American  companies
     without client knowledge or authorization.
     
     In  November  1998,  the SEC obtained emergency  orders  from  the  U.S.
     District Court for the Northern District of Texas freezing the assets of
     Sharp  and  Gutierrez  and appointing a Special Master  to  collect  and
     maintain  the  assets for the benefit of Sharp's advisory clients.   The
     orders  directed  Sharp,  Gutierrez, and  their  agents  immediately  to
     provide  to  the  Special Master all non-privileged books,  records  and
     documents relating to Sharp's activities and cooperate with the  Special
     Master  by  promptly  and  honestly  responding  to  all  requests   for
     information.
     
     Sharp  and  Gutierrez agreed to the court orders.   As  their  attorney,
     Gardere  represented Sharp and Gutierrez and negotiated  the  terms  and
     language of the orders on their behalf.  But Gardere failed to turn over
     to  the Special Master 27 boxes of Sharp's records until 18 months after
     the  entry  of  the orders.  The boxes contained relevant documents  not
     previously produced to the Special Master.
     
     "The  SEC's  efforts to seek damages against a law  firm  in  this  case
     emphasize  the  importance the agency places on  compliance  with  court
     orders issued in its enforcement actions," said Spencer C. Barasch,  the
     Associate  Administrator for the SEC's Fort Worth office.  "The  SEC  is
     committed to seeking reparation or sanctions against those who interfere
     with its law enforcement processes."
     
     As  a  result of Gardere's failure to timely deliver these records,  the
     Special  Master's  efforts  to  administer  the  assets  maintained  for
     investors  was  significantly impaired.   The  SEC  and  Special  Master
     believe that the $1.2 million being paid is appropriate compensation for
     the damages caused by Gardere's failure to comply with the court orders.
     Gardere's  agreement to settle the claims of the SEC and Special  Master
     for this amount is subject to court approval.
     
     In  the  past three years, 11 individuals have been ordered to jail  for
     violating  SEC court orders in actions brought by the Commission's  Fort
     Worth office alone.
     
     Previously  in  the Sharp litigation, the Special Master recovered  more
     than  $17 million, much of which already has been distributed to victims
     of  the  scheme.  In addition, Gutierrez has pleaded guilty to  criminal
     fraud  charges brought by a federal grand jury in conjunction  with  the
     U.S.  Attorney's  Office  for the Northern  District  of  Texas  and  is
     awaiting   sentencing.   For  further  information   about   the   Sharp
     litigation,  see  SEC  Litigation Release No.  16946.    [SEC  v.  Sharp
     Capital,  Inc., et al., Civil Action No. 3:98-CV2792-G, USDC/NDTX/Dallas
     Division] (LR-17584; Press Rel. 2002-93)
     

INVESTMENT COMPANY ACT RELEASES
     

JACKSON NATIONAL LIFE INSURANCE COMPANY OF NEW YORK, ET AL.

     A  notice has been issued giving interested persons until July 12, 2002,
     to  request  a hearing on an application filed by Jackson National  Life
     Insurance Company of New York (JNLNY), JNLNY Separate Account  -  I  and
     Jackson  National  Life  Distributors, Inc. (collectively,  Applicants).
     Applicants  seek  an order under Section 6(c) of the Investment  Company
     Act  granting exemptions from Sections 2(a)(32) and 27(i)(2)(A)  of  the
     Act  and  Rule  22c-1  thereunder to permit  the  recapture  of  certain
     contract  enhancements applied to purchase payments made  under  certain
     variable annuity contracts issued by JNLNY.   (Rel. IC-25620 - June 20)

     

HOLDING COMPANY ACT RELEASES
     


ALLIANT ENERGY CORPORATION, ET AL.

     An order has been issued authorizing certain proposals by Alliant Energy
     Corp.  (Alliant Energy), a registered holding company, Interstate  Power
     and  Light  Company,  a  public-utility company  subsidiary  of  Alliant
     Energy,  Alliant  Energy  Corporate Services,  Inc.,  a  direct  service
     company  subsidiary  of Alliant Energy, Alliant Energy  Resources,  Inc.
     (AER), a direct nonutility subsidiary of Alliant Energy, and a number of
     AER's  direct and indirect nonutility subsidiaries, relating to  changes
     to  the  operations  of Alliant Energy's utility and  nonutility  system
     money pools.  (Rel. 35-27542)


SELF-REGULATORY ORGANIZATIONS
     

PROPOSED RULE CHANGE

     The  Pacific Exchange filed a proposed rule change and Amendment  No.  1
     thereto  (SR-PCX-2001-17) under Section 19(b) of the Securities Exchange
     Act  of  1934  relating to Auto-Ex price Incentive  for  Market  Makers.
     Publication of the notice in the Federal Register is expected during the
     week of June 24.  (Rel. 34-46096)

IMMEDIATE EFFECTIVENESS OF PROPOSED RULE CHANGES

     A  proposed  rule change filed by the National Association of Securities
     Dealers  to  require members to post margin disclosure  and  day-trading
     risk  disclosure  statements  on websites (SR-NASD-2002-69)  has  become
     effective  under Section 19(b)(3)(A) of the Securities Exchange  Act  of
     1934.    Publication of the proposal in the Federal Register is expected
     during the week of June 24.  (Rel. 34-46097)
     
     A  proposed  rule  change (SR-CBOE-2002-33) filed by the  Chicago  Board
     Options Exchange to adopt an order identification rule for market  maker
     and  specialist  orders has become immediately effective  under  Section
     19(b)(3)(A)  of  the  Securities Exchange Act of 1934.   Publication  is
     expected in the Federal Register during the week of June 24.  (Rel.  34-
     46102)
     
APPROVAL OF PROPOSED RULE CHANGES

     The  Commission approved a proposed rule change submitted  (SR-PCX-2002-
     11)  by the Pacific Exchange to limit the number of exchange memberships
     that  any person, associated person, or group of associated persons  may
     own.   Publication  of the proposal is expected in the Federal  Register
     during the week of June 24.  (Rel. 34-46098)

     The   Commission   approved  a  proposed  rule  change  (SR-CHX-2002-12)
     submitted  under Rule 19b-4 by the Chicago Stock Exchange to  amend  the
     rules  relating  to  the composition of the CHX's Minor  Rule  Violation
     Panel.   Publication  of the order in the Federal Register  is  expected
     during the week of June 24.  (Rel. 34-46104)


SECURITIES ACT REGISTRATIONS
     

     The following registration statements have been filed with the SEC under
     the  Securities  Act  of  1933.   The reported  information  appears  as
     follows:   Form,  Name, Address and Phone Number (if available)  of  the
     issuer  of the security; Title and the number and/or face amount of  the
     securities being offered; Name of the managing underwriter or  depositor
     (if  applicable);  File number and date filed; Assigned  Branch;  and  a
     designation if the statement is a New Issue.

     Registration statements may be obtained in person or by writing  to  the
     Commission's  Public  Reference  Branch  at  450  Fifth  Street,   N.W.,
     Washington,  D.C.  20549  or  at  the  following  e-mail  box   address:
     <publicinfo@sec.gov>.  In most cases, this information is also available
     on the Commission's website: <www.sec.gov>.
                                   
                                   
S-8     SALTON INC, 550 BUSINESS CENTER DR, C/O KENSINGTON CENTER,
        MOUNT PROSPECT, IL, 60056, 7088034600 - 600,000 ($7,656,000.00) Equity,
        (File 333-91012 - Jun. 24) (BR. 02)

S-4     NEWFIELD EXPLORATION CO /DE/, 363 N SAM HOUSTON PKWY E, STE 2020,
        HOUSTON, TX, 77060, 2818476000 - 0 ($244,645,459.00) Equity,
        (File 333-91014 - Jun. 24) (BR. 04)

S-8     PRIME HOLDINGS &  INVESTMENTS  INC, 8275 S EASTERN AVENUE, SUITE 200,
        LAS VEGAS, NV, 89123, 7029908489 - 75,000 ($26,250.00) Equity,
        (File 333-91036 - Jun. 24) (BR. 08)

S-8     REVLON INC /DE/, 625 MADISON AVENUE, NEW YORK, NY, 10022, 2125274000 -
        2,000,000 ($9,900,000.00) Equity, (File 333-91038 - Jun. 24) (BR. 02)

S-8     REVLON INC /DE/, 625 MADISON AVENUE, NEW YORK, NY, 10022, 2125274000 -
        530,000 ($2,623,500.00) Equity, (File 333-91040 - Jun. 24) (BR. 02)

S-8     USFREIGHTWAYS CORP, 8550 W BRYN MAWR AVE, SUITE 700, CHICAGO, IL,
        60631, 8476960200 - 25,000 ($894,000.00) Equity, (File 333-91042 -
        Jun. 24) (BR. 05)

S-8     SERVICE CORPORATION INTERNATIONAL, 1929 ALLEN PKWY, P O BOX 130548,
        HOUSTON, TX, 77019, 7135225141 - 10,000,000 ($40,000,000.00) Equity,
        (File 333-91046 - Jun. 24) (BR. 08)

S-1     HORIZON NATURAL RESOURCES CO, 1500 NORTH BIG RUN ROAD, ASHLAND, KY,
        41102, 6069280450 - 7,821,893 ($95,818,189.25) Equity,
        (File 333-91048 - Jun. 24) (BR. )

S-8     WESTSTAR FINANCIAL SERVICES CORP, 79 WOODFIN PLACE, ASHEVILLE, NC,
        28801, 8282322902 - 139,370 ($1,082,904.90) Equity, (File 333-91052 -
        Jun. 24) (BR. 07)

S-8     CITIZENS COMMUNICATIONS CO, HIGH RIDGE PK BLDG 3, P O BOX 3801,
        STAMFORD, CT, 06905, 2033298800 - 2,500,000 ($22,975,000.00) Equity,
        (File 333-91054 - Jun. 24) (BR. 02)

S-8     INTUIT INC, 2535 GARCIA AVE, MOUNTAIN VIEW, CA, 94043, 4159446000 -
        191,690 ($7,462,491.70) Equity, (File 333-91056 - Jun. 24) (BR. 03)

S-8     HALLIBURTON CO, 3600 LINCOLN PLZ, 500 N AKARD ST, DALLAS, TX,
        75201-3391, 2149782600 - 12,000,000 ($195,900,000.00) Equity,
        (File 333-91058 - Jun. 24) (BR. 04)

S-3     LOUDCLOUD INC, 599 N MATHILDA AVENUE, SUNNYVALE, CA, 94086,
        2,046,385 ($2,496,590.00) Equity, (File 333-91064 - Jun. 24) (BR. 08)

S-8     ARS NETWORKS INC, 100 WALNUT STREET, CHAMPLAIN, NY, 12919, 5182982042 -
        5,000,000 ($350,000.00) Equity, (File 333-91066 - Jun. 24) (BR. 05)

S-8     CYTRX CORP, 154 TECHNOLOGY PKWY, TECHNOLOGY PARK/ATLANTA, NORCROSS, GA,
        30092, 4043689500 - 17,074,274 ($1,672,427.00) Equity,
        (File 333-91068 - Jun. 24) (BR. 01)

S-8     OCCAM NETWORKS INC/DE, 77 ROBIN HILL ROAD, SANTA BARBARA, CA, 93117,
        (805) 692-2900 - 24,294,169 ($1,943,533.52) Equity, (File 333-91070 -
        Jun. 24) (BR. 03)

S-8     OCCAM NETWORKS INC/DE, 77 ROBIN HILL ROAD, SANTA BARBARA, CA, 93117,
        (805) 692-2900 - 3,038,570 ($668,485.40) Equity, (File 333-91072 -
        Jun. 24) (BR. 03)

S-4     LEVCOR INTERNATIONAL INC, 1071 AVENUE OF THE AMERICAS, NEW YORK, NY,
        10018, 2032647428 - 0 ($4,598,504.00) Equity, (File 333-91074 -
        Jun. 24) (BR. 02)

S-8     DALECO RESOURCES CORP, 983 OLD EAGLE SCHOOL ROAD, SUITE 615, WAYNE, PA,
        19087, 6102939400 - 146,301 ($98,460.77) Equity, (File 333-91076 -
        Jun. 24) (BR. 04)

S-8     COBRA ELECTRONICS CORP, 6460 W CORTLAND ST, CHICAGO, IL, 60635,
        3128898870 - 0 ($197,500.00) Equity, (File 333-91078 - Jun. 24) (BR. 37)

N-2     BLACKROCK MUNICIPAL INCOME TRUST II, 40 EAST 52ND STREET, NEW YORK, NY,
        10022, 2127545300 - 100,000 ($1,500,000.00) Equity, (File 333-91080 -
        Jun. 24) (BR. 22)

N-2     BLACKROCK NEW YORK MUNICIPAL INCOME TRUST II, 40 EAST 52ND STREET,
        NEW YORK, NY, 10022, 2127545300 - 100,000 ($1,500,000.00) Equity,
        (File 333-91082 - Jun. 24) (BR. 22)

N-2     BLACKROCK CALIFORNIA MUNICIPAL INCOME TRUST II, 40 EAST 52ND STREET,
        NEW YORK, NY, 10022, 2127545300 - 100,000 ($1,500,000.00) Equity,
        (File 333-91084 - Jun. 24) (BR. 22)

S-8     WHOLE FOODS MARKET INC, 601 N LAMAR BLVD, STE 300, AUSTIN, TX, 78703,
        5124774455 - 40,000 ($1,859,600.00) Equity, (File 333-91086 - Jun. 24)
        (BR. 02)

S-3     CONCERTO SOFTWARE INC, 6 TECHNOLOGY PARK DR, WESTFORD, MA, 01886,
        5089520200 - 0 ($928,955.04) Equity, (File 333-91088 - Jun. 24) (BR. 03)

S-3     HOLLYWOOD MEDIA CORP, 2255 GLADES RD, STE 237 W, BOCA RATON, FL, 33431,
        5619988000 - 2,779,980 ($5,281,961.00) Equity, (File 333-91090 -
        Jun. 24) (BR. 02)

S-3     COLLINS & AIKMAN CORP, 5755 NEW KING CT, TROY, MI, 48098, 2488242500 -
        0 ($72,626,637.50) Equity, (File 333-91092 - Jun. 24) (BR. 02)

S-8     LITTLE SWITZERLAND INC/DE, 161-B CROWN BAY CRUISE SHIP PORT,
        ST THOMAS VIRGIN ISL, V1, 00802, 3407762010 - 0 ($504,000.00) Equity,
        (File 333-91094 - Jun. 24) (BR. 02)
     

RECENT 8K FILINGS


    Form 8-K is used by companies to file current reports on the following events:


    Item 1.  Changes in Control of Registrant.
    Item 2.  Acquisition or Disposition of Assets.
    Item 3.  Bankruptcy or Receivership.
    Item 4.  Changes in Registrant's Certifying Accountant.
    Item 5.  Other Materially Important Events.
    Item 6.  Resignations of Registrant's Directors.
    Item 7.  Financial Statements and Exhibits.
    Item 8.  Change in Fiscal Year.
    Item 9.  Regulation FD Disclosure.

     The following companies have filed 8-K reports for the date indicated and/or
amendments to 8-K reports previously filed, responding to the item(s) of the form
specified.   8-K  reports  may  be  obtained in  person  or  by  writing  to  the
Commission's Public Reference Branch at 450 Fifth Street, N.W., Washington,  D.C.
20549  or  at the following e-mail box address:  <publicinfo@sec.gov>.   In  most
cases,   this  information  is  also  available  on  the  Commission's   website:
<www.sec.gov>.



                                       STATE     8K ITEM NO.
NAME OF ISSUER                         CODE   1 2 3 4 5 6 7 8 9     DATE  COMMENT
---------------------------------------------------------------------------------
AAMES FINANCIAL CORP/DE                 DE            X           06/21/02

ACCREDO HEALTH INC                      DE      X         X       06/13/02

ACTERNA CORP                            DE            X   X   X   06/24/02

AETHER SYSTEMS INC                      DE          X     X       06/12/02  AMEND

AIRGATE PCS INC /DE/                    DE                    X   06/19/02  AMEND

AMERICAN CONSOLIDATED MINING CO         UT            X           06/12/02

AMERICAN TECHNOLOGY CORP /DE/           DE            X   X       06/24/02

ANC RENTAL CORP                         DE                X   X   06/24/02

ANTHRACITE CAPITAL INC                  MD            X   X       06/20/02

AOL TIME WARNER INC                     DE            X   X       06/24/02

B&G FOODS INC                           DE            X   X       06/24/02

BANK OF AMERICA MORTGAGE SECURITIES I   DE            X   X       06/24/02

BANK OF AMERICA MORTGAGE SECURITIES I   DE            X   X       06/24/02

BEAR STEARNS COMPANIES INC              DE            X   X       06/20/02

BIOENVISION INC                         DE            X   X       06/24/02

BIOMARIN PHARMACEUTICAL INC             DE            X           06/24/02

BLACK BOX CORP                          DE          X     X       06/24/02

BOGEN COMMUNICATIONS INTERNATIONAL IN   DE            X           06/24/02

BUCYRUS INTERNATIONAL INC               DE          X     X       06/18/02

BUCYRUS INTERNATIONAL INC               DE          X     X       06/18/02

BUILDING MATERIALS CORP OF AMERICA      DE          X     X       06/17/02

CABLE TV FUND 12-B LTD                  CO          X     X       06/24/02

CABLE TV FUND 12-C LTD                  CO          X     X       06/24/02

CABLE TV FUND 12-D LTD                  CO          X     X       06/24/02

CABLE TV FUND 14 B LTD                  CO          X     X       06/24/02

CABLE TV FUND 14-A LTD                  CO          X     X       06/24/02

CADDO ENTERPRISES INC                   NV    X                   03/28/02  AMEND

CASH SYSTEMS INC                        DE                    X   06/24/02

CATEGORY 5 TECHNOLOGIES INC             NV    X X         X       04/10/02  AMEND

CH2M HILL COMPANIES LTD                 OR            X   X       06/24/02

CIT EQUIPMENT COLLATERAL 2002-VT1       DE            X           06/18/02

CLARION TECHNOLOGIES INC/DE/            DE            X           05/01/02

CLECO CORP                              LA            X   X       06/24/02

COLE COMPUTER CORP                      NV    X                   08/25/01  AMEND

CONTINENTAL INFORMATION SYSTEMS CORP    NY              X         06/20/02

COOPER INDUSTRIES LTD                                 X   X   X   06/21/02

CORECOMM LTD /DE/                       DE                X   X   06/24/02

CORTEX SYSTEMS INC                      NV            X           06/24/02

CRT CORP                                NV            X           06/21/02

CRT CORP                                NV            X           06/21/02

CSFB MORTGAGE PASS THROUGH CERTIFICAT   DE            X   X       03/25/02

CVEO CORP                               MA        X   X   X       06/04/02

CYTEC INDUSTRIES INC/DE/                DE          X             06/18/02

DAIRY MART CONVENIENCE STORES INC       DE          X     X       06/17/02

DAYTON SUPERIOR CORP                    OH            X   X       06/21/02

DQE INC                                 PA            X   X       06/20/02

DT INDUSTRIES INC                       DE            X   X       06/21/02

EAGLE SUPPLY GROUP INC                  DE                    X   06/19/02  AMEND

EDGE TECHNOLOGY GROUP INC               DE      X         X       04/08/02  AMEND

ELECTROGLAS INC                         DE            X   X       06/20/02

EMAGIN CORP                             NV            X   X       06/18/02

EMERGING VISION INC                     NY          X             06/18/02

ENDO PHARMACEUTICALS HOLDINGS INC       DE            X   X       06/24/02

ENERGY CORP OF AMERICA                  WV      X                 06/24/02

FIRST SIERRA RECEIVABLES III INC        DE    X           X       06/01/02

FOUNDRY NETWORKS INC                    DE          X             06/24/02

GENERAL MOTORS CORP                     DE            X           06/24/02

GENESCO INC                             TN                    X   06/24/02

GENOME THERAPEUTICS CORP                MA          X     X       06/24/02

GLIMCHER REALTY TRUST                   MD            X   X       06/24/02

GRANT PRIDECO INC                       DE            X   X       06/24/02

GUILFORD MILLS INC                      DE                    X   06/24/02

HELLER EQUIPMENT ASSET RECEIVABLES TR   DE            X   X       06/13/02

HELLER EQUIPMENT ASSET RECEIVABLES TR   DE            X   X       06/14/02

HERITAGE COMPANIES INC                  NV            X           06/17/02

HPL TECHNOLOGIES INC                    DE                X       04/10/02  AMEND

HUGHES ELECTRONICS CORP                 DE            X           06/24/02

IDACORP INC                             ID            X           06/24/02

IMAGEMAX INC                            PA            X   X       06/14/02

IMPAC SECURED ASSETS CORP               CA            X           06/24/02

IMPAC SECURED ASSETS CORP               CA                X       06/24/02

IMPERIAL PARKING CORP                   DE            X   X       06/18/02

IMPROVENET INC                          DE            X   X       06/10/02

INTERNATIONAL SHIPHOLDING CORP          DE          X     X       06/21/02

INTERNATIONAL SPECIALTY HOLDINGS INC                X     X       06/20/02

INTERNATIONAL SPECIALTY PRODUCTS INC    DE          X     X       06/20/02

INTERNATIONAL SPEEDWAY CORP             FL            X           06/24/02

INTUIT INC                              DE            X           06/20/02

IONICS INC                              MA            X           06/24/02

IPC HOLDINGS LTD                                    X     X       06/14/02

ISP CHEMCO INC                                      X     X       06/20/02

IVAX DIAGNOSTICS INC                    DE          X     X       06/21/02

JOULE INC                               DE                  X     06/21/02

KANAKARIS WIRELESS                      NV      X     X   X       04/08/02  AMEND

KARTS INTERNATIONAL INC                 NV            X   X       06/24/02

MARKET AMERICA INC                      NC            X   X       06/24/02

MARVELL TECHNOLOGY GROUP LTD            D0            X           06/21/02

MASCO CORP /DE/                         DE                X   X   06/19/02

MATRIXONE INC                           DE          X     X       06/24/02

MDI ENTERTAINMENT INC                   DE          X     X       06/24/02  AMEND

MEDIA 100 INC                           DE          X     X       06/19/02

MERRILL LYNCH MORTGAGE INVESTORS INC    DE            X   X       06/20/02

METALS USA INC                          DE          X     X       06/21/02

METALS USA INC                          DE            X   X       06/24/02

METROPOLITAN FINANCIAL CORP /OH/        OH            X   X       06/17/02

METWOOD INC                             NV      X         X       06/10/02

MOHEGAN TRIBAL GAMING AUTHORITY                       X   X       06/21/02

MTS INC                                 CA            X   X       06/24/02

NATIONAL WINE & SPIRITS INC             IN          X     X       06/11/02  AMEND

NATIONWIDE FINANCIAL SERVICES INC/      DE            X   X       06/19/02

NORTEK INC                              DE            X   X       06/20/02

NUI CORP /NJ/                           NJ          X             06/20/02

OCEANEERING INTERNATIONAL INC           DE          X     X       06/18/02

ONEOK INC /NEW/                         OK            X   X       06/21/02

OSHKOSH TRUCK CORP                      WI                X   X   06/24/02

PARAGON TECHNOLOGIES INC                PA            X           06/30/02

PECO II INC                             OH          X     X       06/24/02

PEROT SYSTEMS CORP                      DE                X   X   06/20/02

PHOTOMEDEX INC                          DE            X           06/13/02

PLAINS RESOURCES INC                    DE            X   X       06/21/02

REPUBLIC SERVICES INC                   DE          X     X       06/21/02

RESIDENTIAL ASSET SECURITIES CORP       DE            X   X       06/24/02

RITE AID CORP                           DE            X   X       06/21/02

SBC COMMUNICATIONS INC                  DE            X           03/31/02

SCOTTS COMPANY                          OH            X   X       06/24/02

SMITH INTERNATIONAL INC                 DE            X   X       06/24/02

SONEX RESEARCH INC                      MD            X           06/24/02

SOUTHWALL TECHNOLOGIES INC /DE/         DE            X   X       06/24/02

SPARTA SURGICAL CORP                    DE              X         06/19/02

SPARTAN STORES INC                      MI            X   X       06/24/02

SPECTRASITE HOLDINGS INC                DE            X   X       06/21/02

SPEEDWAY MOTORSPORTS INC                DE            X   X       06/24/02

STRUCTURED ASSET SECURITIES CORP        DE            X   X       06/24/02

STRUCTURED PRODUCTS CORP                DE                X       06/01/02

SURGILIGHT INC                          DE          X     X       04/19/02

SURGILIGHT INC                          DE          X     X       04/19/02

SURMODICS INC                           MN            X   X       06/24/02

TB WOODS CORP                           DE          X     X       06/24/02

TECHNOLOGY FLAVORS & FRAGRANCES INC     DE          X     X       06/18/02

TII NETWORK TECHNOLOGIES INC            DE            X   X       06/21/02

TIME WARNER ENTERTAINMENT CO L P        DE            X   X       06/24/02

U S PLASTIC LUMBER CORP                 NV            X           05/29/02

UAL CORP /DE/                           DE            X   X       06/24/02

UNITED PARK CITY MINES CO               DE            X           06/24/02

VERITAS DGC INC                         DE            X   X       06/21/02

VESTIN FUND I LLC                       NV                  X     06/10/02

VESTIN FUND II LLC                                          X     06/10/02

VORNADO REALTY LP                       DE            X   X       06/19/02

VOYAGER ENTERTAINMENT INTERNATIONAL I   ND            X           05/21/02

W HOLDING CO INC                        PR            X   X       06/17/02

WASHINGTON GROUP INTERNATIONAL INC      DE            X   X       06/21/02

WELLS FARGO ASSET SECURITIES CORP       DE            X   X       06/24/02

WILLIAMS COMPANIES INC                  DE            X   X       06/18/02

WILLIAMS COMPANIES INC                  DE            X   X       06/19/02

WIZBANG TECHNOLOGIES INC                        X                 06/24/02

WORLD FINANCIAL NETWORK CREDIT CARD M   NY                X       06/17/02

WORLD FINANCIAL NETWORK NATIONAL BANK   OH                X       06/17/02

WORLD OMNI AUTO RECEIVABLES LLC         DE            X   X       06/24/02

XEROX CORP                              NY            X           06/24/02

XEROX CREDIT CORP                       DE            X           06/24/02

XM SATELLITE RADIO INC                  DE            X   X       06/24/02

ZOMAX INC /MN/                          MN          X     X       06/24/02