u.s. SECURITIES .. E.X.C.H.A .lIijGE COMM'SS'ON · The firm must liquidate half of its trading...

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Issue 91-163 August 22. 1991 u.s. SECURITIES _ .. E.X.C.H.A .. ".lIijGE COMM'SS'ON Following is a schedule of Commission meetings which will be conducted under provisions of the Government in the Sunshine Act. In general, the Commission expects to follow a schedule of holding closed meetings on Tuesdays, and open meetings on Thursday mornings. Meetings on Wednesdays, and if necessary on Thursday afternoons, will be either open or closed according to the requirements of agenda items under consideration. Visitors are welcome at all open meetings, insofar as space is available. Meetings will be held in the Commission Meeting Room, Room lC30, at the Commission's headquarters building, 450 Fifth Street, N.W., Washington, D.C. Persons wishing to photograph or videotape Commission meetings must obtain permission in advance from the Secretary of the Commission. Persons wishing to tape record a Commission meeting should notify the Secretary's office 48 hours in advance of the meeting. CLOSED MEETING - WEDNESDAY. AUGUST 28. 1991 - 2:30 P.M. The subject matter of the August 28 closed meeting will be: Institution of injunctive actions; Institution of administrative proceedings of an enforcement nature; Settlement of injunctive actions; Formal order of investigation; and Settlement of administrative proceedings of an enforcement nature. OPEN MEETING - THURSDAY, AUGUST 29, 1991 - 10:00 A.M. The subject matter of the August 29 open meeting will be: 1. Consideration of whether to propose for comment recordkeeping and reporting rules to implement the risk assessment provisions of the Market Refoca Act of 1990. The proposed rules would require brokers and dealers in securities to make and keep records concerning the financial and securities activities of certain of their affiliated companies. The proposed rules would also require brokers and dealers to file quarterly reports with the Commission summarizing the records maintained pursuant to the recordkeeping rule, FOR FURTHER INFORMATION CONTACT: Roger G. Coffin at (202) 272-2396.

Transcript of u.s. SECURITIES .. E.X.C.H.A .lIijGE COMM'SS'ON · The firm must liquidate half of its trading...

Page 1: u.s. SECURITIES .. E.X.C.H.A .lIijGE COMM'SS'ON · The firm must liquidate half of its trading inventory in two securities and all but $20,000 worth of its remaining trading positions.

Issue 91-163 August 22. 1991

u.s. SECURITIES _ .. E.X.C.H.A .. ".lIijGE COMM'SS'ON

Following is a schedule of Commission meetings which will be conducted under provisions of the Government in the Sunshine Act. In general, the Commission expectsto follow a schedule of holding closed meetings on Tuesdays, and open meetings on Thursday mornings. Meetings on Wednesdays, and if necessary on Thursday afternoons,will be either open or closed according to the requirements of agenda items under consideration.

Visitors are welcome at all open meetings, insofar as space is available.

Meetings will be held in the Commission Meeting Room, Room lC30, at the Commission's headquarters building, 450 Fifth Street, N.W., Washington, D.C. Persons wishing to photograph or videotape Commission meetings must obtain permission in advance from the Secretary of the Commission. Persons wishing to tape record a Commission meetingshould notify the Secretary's office 48 hours in advance of the meeting.

CLOSED MEETING - WEDNESDAY. AUGUST 28. 1991 - 2:30 P.M.

The subject matter of the August 28 closed meeting will be: Institution of injunctive actions; Institution of administrative proceedings of an enforcement nature;Settlement of injunctive actions; Formal order of investigation; and Settlement of administrative proceedings of an enforcement nature.

OPEN MEETING - THURSDAY, AUGUST 29, 1991 - 10:00 A.M.

The subject matter of the August 29 open meeting will be:

1. Consideration of whether to propose for comment recordkeeping and reporting rules to implement the risk assessment provisions of the Market Refoca Act of 1990. The proposed rules would require brokers and dealers in securities to make and keeprecords concerning the financial and securities activities of certain of their affiliated companies. The proposed rules would also require brokers and dealers to file quarterly reports with the Commission summarizing the records maintained pursuantto the recordkeeping rule, FOR FURTHER INFORMATION CONTACT: Roger G. Coffin at (202)272-2396.

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2. Consideration of whether to approve a rule change from the National Association of Securities Dealers, Inc. that would increase certain quantitative eligibilitystandards for securities quoted on the NASDAQ system. Specifically, SR-NASD-90-lS would increase the initial and continued eligibility standards for securities in the NASDAQ system in five areas. These areas are (1) the number of required market makers per security, (2) the total assets of the issuer, (3) the capital and surplus of the issuer, (4) the minimum bid price per security and (5) the market value of the issuer's public float. The eligibility standards for securities listed as NASDAQ/National Market System issues are not changed by SR-NASD-90-18. FOR FURTHER INFORMATION CONTACT: Lee Antone at (202) 272-2888.

3. Consideration of whether to approve largely similar rule proposals filed by the American, New York, Pacific and Philadelphia Stock Exchanges, and the Chicago Board Options Exchange to amend their rules governing the selection and continuingeligibility criteria for exchange-traded options. In general, the proposals would lower or relax the non-default, net income, number of shareholders, and market priceper share criteria as applied to the underlying stocks of exchange-traded options.FOR FURTHER INFORMATION CONTACT: Joe McDonald at (202) 272-2843.

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: Paul Atkins at (202) 272-2000.

ADMINISTRATIVE PROCEEDINGS

NASD ACTION AGAINST ARTHUR WEISBERG AFFIRMED

The Commission has affirmed sanctions imposed by the NASD on Arthur W. Weisberg of Mount Kisco, New York. Weisberg was formerly in charge of municipal bond trading at Asiel & Co., an NASD member firm. The NASD censured Weisberg, suspended him from association with any member for five days and fined him $10,000.

The Commission found, as had the NASD, that Weisberg caused Asie1 to engage in municipal bond transactions that benefited Weisberg and others at the firm's expense.Citing Weisberg's breach of his fundamental duty of loyalty to his employer, the Commission was unable to find the sanctions imposed by the NASD excessive. (Rel. 34-29559)

NASD RESTRICTIONS ON V.H. COSTELLO SECURITIES AFFIRMED

The Commission has affirmed restrictions imposed by the NASD on V.H. Costello Securities, Inc., a Spokane, Washington brokerage firm, as follows. If the firm's excess net capital falls below $30,000 for three consecutive business days, it must begin processing its securities transactions through a clearing broker on a fullydisclosed basis. The firm must liquidate half of its trading inventory in two securities and all but $20,000 worth of its remaining trading positions. It must also make immediate payment of free credit balances, register customer securities in customers' names, deliver customer securities or place them in safekeeping, hire a qualified officer or an outside auditor to ensure back office compliance and placea 200-trade monthly limit on self-clearing transactions.

NEWS DIGEST, August 22, 1991 2

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The Commission concluded that the limitations were properly imposed in view of the firm's continuing financial instability. It termed the NASD's action "modest" in light of the firm's "extended difficulties". (Rel. 34-29560)

NASD ACTION AGAINST CHARLES EYE AFFIRMED

The Commission has affirmed sanctions imposed by the NASD on Charles W. Eye, of Huntsville Alabama, a former salesman for Dean Witter Reynolds, Inc. The NASD censured Eye, fined him $18,500 and suspended him from association with any member for 30 days.

The Commission found, as had the NASD, that Eye made unsuitable securities recommendations to a customer and engaged in unauthorized trading in her account. In affirming the sanctions assessed by the NASD, the Commission stated, "Eye took advantage of an unsophisticated customer in a vulnerable position. ... He took greater risks than were warranted in disregard of her financial situation and needs, and then engaged in unauthorized trades." (Rel. 34-29572)

CIVIL/PROCEEDINGS

KOROSTOFF CONSENTS TO PERMANENT INJUNCTION

On August 21, the Commission announced the filing of a complaint for Injunctive Relief in the U.S. District Court for the District of New Jersey against Bernard Korostoff (Korostoff), alleging Korostoff aided and abetted violations of the antifraud and bookkeeping provisions of the Securities Exchange Act of 1934. Simultaneous with the filing of the complaint, Korostoff, without admitting or denying the allegations in the complaint, consented to the entry of a Final Judgment of Permanent Injunction.

The Commission's complaint charges Korostoff with aiding and abetting a financial fraud that occurred at Coated Sales, Incorporated (Coated) during the years 1985 through 1986. According to the complaint, as part of a scheme to inflate Coated's sales and earnings, Michael S. Weinstein, Coated's Chief Executive Officer, entered into a fraudulent arrangement with Korostoff to make it appear as though Korostoff's company, Kaye Mills International Corporation, regularly purchased goods from Coated,when, in fact, no sales occurred. According to the Complaint, as a part of the arrangement, Korostoff signed false audit confirmations indicating his company owed Coated significant amounts in 1987 and 1988. [SEC v. Weinstein et al., Civ. Action No. 90-4276, AJL,JR] (LR-12949)

COMPLAINT AGAINST MATTHEWS & WRIGHT GROUP, INC. AND OTHERS

The Commission today announced that Bernard M. Althoff (Althoff), an attorney with a New York, New York law firm, consented to the entry of a final judgment of permanent injunction and other relief (final judgment) with the U.S. District Court for the Southern District of New York. Under the terms of the settlement, Althoff consented,without admitting or denying the allegations of the Commission's complaint, to the entry of a final judgment. The final judgment enjoins him against future violations of Section l7(a) of the Securities Act of 1933 (Securities Act), Section lOeb) of the Securities Exchange Act of 1934 (Exchange Act) and Rule 10b-5 thereunder. The final judgment also bars Althoff from appearing or practicing as an attorney before the Commission for a period of two years. The final judgment was entered with the Court on August 15, 1991.

NEWS DIGEST, August 22, 1991 3

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The complaint alleged that Althoff aided and abetted violations of the antifraud provisions of the Securities Act and Exchange Act. The violations are related to the failure of the August, 1986 Matthews & Wright Group, Inc. registration statement to disclose the potential business and liability risks created by questionable bond offerings by Matthews & Wright, Inc. of December 31, 1985, although Althoff knew, or was reckless in not knowing, of the problems with the offerings (LR-12072). [SEC v. Matthews & Wright Group, Inc., Matthews & Wright, Inc., George W. Benoit, Arthur Abba Goldberg, Roger J. Burns and Bernard M. Althoff, SDNY, 89 CIV. 2877, RJW] (LR-12950)

COMPLAINT FILED AND TEMPORARY RESTRAINING ORDER ISSUED AGAINST FIRST FIDELITY FINANCIAL CORP.

The Commission announced that on August 19 a complaint was filed in the U.S. District Court, Southern District of Florida, seeking injunctive relief, disgorgement and civil penalties against Marc Joseph d/b/a First Fidelity Financial Corp., Marc Joseph, Lewis Miller, Richard Ma11ion, Kevin Stevens, Paul Coffey and Richard Coffey.

The complaint alleges that, since January 1991, First Fidelity, Joseph, First Fidelity's President, and Miller, Ma1lion, Stevens, P. Coffey and R. Coffey, salesmen for First Fidelity, have sold securities to members of the public without registeringwith the Commission as broker-dealers in violation of Section 15(a) of the Securities Exchange Act. The complaint alleges that the salesmen defendants used fraudulent sales practices and misrepresentations to sell speculative securities to members of the public in violation of the antifraud provisions of the federal securities laws.

On August 20, the Honorable Federico Moreno issued an order that temporarily restrains the defendants from further violations of the above securities laws, freezes their assets and orders a hearing to commence on September 4, 1991. [SEC v. First FidelityFinancial Corp., et a1., Civil Action No. 91-6644-CIV-MOR] (LR-12951)

RECEIVER APPOINTED

The Commission and the Texas State Securities Board today announced that on August19 a complaint was filed in the U.S. District Court in Dallas, Texas. The complaintcharges Mark R. Nelson (Mark Nelson), Daniel J. Nelson (Nelson), James H. Garver (Garver), First Federated Capital Corporation of Texas, First Federated Capital Fund 1989D, Inc. and First Federated Capital Leasing with violations of the anti-fraud provisions of the federal securities laws. According to the complaint, from July 1989 to the present, the defendants have raised approximately $1.5 million from 45 investors to be used to purchase discounted automobile and equipment lease notes. In fact, the complaint charges, the defendants engaged in a "Ponzi scheme", payingoff early investors with monies received from later investors. At the current time,according to the complaint, only $500,000 of automobiles and automobile lease notes are available to satisfy over $1.5 million due to investors.

Also on August 19, U.S. District Judge A. Joe Fish issued a temporary restrainingorder enjoining the defendants from further securities law violations and freezingtheir assets and issued an order appointing a receiver pendente lite. The complaintalso seeks disgorgement of the unjust profits each defendant received as a result of the activities alleged in the complaint, plus prejudgment interest thereon, and civil penalties. [SEC v. First Federated Capital Corporation of Texas, et.a1., USDC/ND/TX,Dallas Division, Civil Action No. 3-91-167l-G] (LR-12952)

NEWS DIGEST, August 22, 1991 4

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INVESTMENT COMPANY ACT RELEASES

FINANCIAL SQUARE TRUST

A notice has been issued glvlng interested persons until September 16 to request a hearing on an application filed by Financial Square Trust, et al. for an order under Section 6(c) of the Investment Company Act. The order would exempt applicants from Sections l8(f), 18(g) and l8(i) of the Act to the extent necessary to permit an open-end management investment company to issue and sell separate classes of shares representing interests in the same portfolio. These classes would be identical in

hearing on an application filed by Priarnos Institutional Investments, Inc. for an

all the

respects except for class designation,allocation of certain expenses. (Rel.

votingIC-18282

rights, exchange- August 20)

privileges and

PRIAMOS INSTITUTIONAL INVESTMENTS

A notice has been issued giving interested persons until September 13 to request a

order under Section 8(f) of the Investment Company Act declaring that it has ceased to be an investment company. (ReI. IC-18283 - August 20)

INDUSTRIAL SERIES TRUST

A notice has been issued glvlng interested persons until September 16 to request a hearing on an application filed by Industrial Series Trust and The Mackenzie Funds Inc. for an order under Section 6(c) of the Investment Company Act. The order would exempt applicants from the provisions of Section 12(d)(3) of the Act and Rule 12d-3 thereunder to the extent necessary to permit them to acquire securities of foreignissuers engaged in securities-related activities in accordance with the conditions of proposed amendments to Rule 12d3-l under the Act. (ReI. IC-18284; International Series ReI. 307 - August 21)

HOLDING COMPANY ACT RELEASES

THE COLUMBIA GAS SYSTEM

A notice has been issued glvlng interested persons until September 13 to request a hearing on a proposal by The Columbia Gas System, Inc. (Columbia), a registeredholding company and a debtor in possession under Chapter 11 of the Bankruptcy Code. Columbia proposes to borrow, on a secured basis, up to $275 million from time to time through September 30, 1993, in order to fund the operations of Columbia and certain of its subsidiaries. (ReI. 35-25364)

NEWS DIGEST, August 22, 1991 5

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LISTING, DELISTINGAND UNLISTED TRADING ACTIONS

UNLISTED TRADING PRIVILEGES SOUGHT <

A notice has been issued giving interested persons until September 12 to comment on the application of the Philadelphia Stock Exchange for unlisted trading privileges for three issues which are listed and registered on one or more other national securities exchanges and are reported in the consolidated transaction reportingsystem. (ReI. 34-29590)

2 a

SELF-REGULATORY ORGANIZATIONS

APPROVAL OF PROPOSED RULE CHANGE

The Commission has approved a proposed rule change (SR-BSE-9l-2) filed by the Boston Stock Exchange under Rule 19b-4 to amend its Minor Rule Violation Plan. (ReI. 34-29586)

TRUST INDENTURE ACT RELEASES

DR PEPPER COMPANY

The Commission has issued an order under Section 304(d) of the Trust Indenture Act of 1939 on an application by Dr Pepper Company (Company) and Dr Pepper/Seven-UpCompanies, Inc. (Guarantor) under an Indenture between the Company, Guarantor and Bank One, Texas, N.A. as Trustee. The order conditionally exempts such Indenture from the requirements of Section 3l4(d) of the Trust Indenture Act of 1939. (Rel.TI-2274)

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 managingunderwriter or depositor (if applicable); File number and date filed; Assigned Branch; and a designation if the statement is a New Issue.

S-18 NATIONAL MERCHANT CAPITAL CORP, 33 ELEVENTH AVE, HUNTINGTON STATION, NY 11746 (516) 423-8280 - 100,000 ($750,000) COMMON STOCK. (FILE 33-42175-NY - AUG. 12)(BR. 11)

S-8 H&R BLOCK INC, 4410 MAIN ST, KANSAS CITY, MO 64111 (816) 753-6900 - 1,698,667($93,426,685) COMMON STOCK. (FILE 33-42199 - AUG. 14) (BR. 5)

NEWS DIGEST, August 22, 1991 6

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REGISTRATIONS CONTINUED

S-2 COLLEGE BOUND INC, 499 NW 70TH AVE STE 117, PLANTATION, FL 33317 (305) 587-9110 -2,045,592 ($41,934,636) COMMON STOCK. 571,400 ($11,713,700) COMMON STOCK. 1,100,000($4,400,000) COMMON STOCK. 400,000 ($900,000) COMMON STOCK. 500,000 ($8,500,000) COMMON STOCK. (FILE 33-42200 - AUG. 14) (BR. 5)

S-8 POWER SPECTRA INC /CA/, 42660 CHRISTY ST, FREMONT, CA 94538 (415) 490-6961 -300,000 ($639,000) COMMON STOCK. (FILE 33-42201 - AUG. 15) (BR. 8)

S-8 HARTMARX CORP/DE, 101 N WACKER DR, CHICAGO, IL 60606 (312) 372-6300 - 2,180,000($20,034,200) COMMON STOCK. (FILE 33-42202 - AUG. 15) (BR. 7)

S-6 DEFINED ASSET FUNDS HUN INVT TR FD INTERMEDIATE TERM SER 182, POBOX 9051,C/O MERRILL LYNCH PIERCE FENNER & SMITH, PRINCETON, NJ 08543 - INDEFINITE SHARES. DEPOSITOR: DEAN WITTER REYNOLDS INC, MERRILL LYNCH PIERCE FENNER & SMITH INC, PAINEWEBBER INC, PRUDENTIAL SECURITIES INC, SHEARSON LEHMAN BROTHERS INC. (FILE33-42203 - AUG. 14) (BR. 22 - NEW ISSUE)

S-6 DEFINED ASSET FUNDS MUN INVT TR FD MULTISTATE SERIES 91, POBOX 9051,C/O MERRILL LYNCH PIERCE FENNER & SMITH, PRINCETON, NJ 08543 - INDEFINITE SHARES. DEPOSITOR: DEAN WITTER REYNOLDS INC, MERRILL LYNCH PIERCE FENNER & SMITH,PAINEWEBBER INC, PRUDENTIAL SECURITIES INC, SHEARSON LEHMAN BROTHERS INC. (FILE33-42204 - AUG. 14) (BR. 22 - NEW ISSUE)

S-6 DEFINED ASSET FUNDS CORPORATE INCOME FD INTERM TERM SER 31, POBOX 9051,C/O MERRILL LYNCH PIERCE FENNER & SMITH, PRINCETON, NJ 08543 - INDEFINITE SHARES. DEPOSITOR: DEAN WITTER REYNOLDS INC, MERRILL LYNCH PIERCE FENNER & SMITH INC, PAINEWEBBER INC, PRUDENTIAL SECURITIES INC, SHEARSON LEHMAN BROTHERS INC. (FILE33-42205 - AUG. 14) (BR. 16 - NEW ISSUE)

S-4 WEST ONE BANCORP, 101 S CAPITOL BLVD, POBOX 8247, BOISE, ID 83733 (208) 383-7000 - 1,230,769 (S31,999,994) COMMON STOCK. (FILE 33-42241 - AUG. 14) (BR. 1)

S-1 GENERAL NUTRITION INC, 921 PENN AVE, PITTSBURGH, PA 15222 (412) 288-4600 -100,000,000 (S100,OOO,000) STRAIGHT BONDS. (FILE 33-42243 - AUG. 14) (BR. 1)

S-1 ROCHESTER COMMUNITY SAVINGS BANK, 235 E MAIN ST, ROCHESTER, NY 14604 (716) 258-3000 - 1,000,000 (S',OOO,OOO) FLOATING RATE NOTES. (FILE 33-42246 - AUG. 15) (BR. 11)

F-6 CARLTON COMMUNICATIONS PLC /ADR/, 60 WALL ST, NEW YORK, NY 10260 (212) 648-320050,000,000 (S2,500,OOO) DEPOSITARY RECEIPTS FOR COMMON STOCK. (FILE 33-42247 -AUG. 15) (BR. 99 - NEW ISSUE)

S-6 VAN KAMPEN MERRITT INTERNATIONAL BOND INCOME TRUST SERIES 22, 1001 WARRENVILLE RO, C/O VAN KAMPEN MERRITT ICN, LISLE, IL 60532 - 1,000 (Sl,100,OOO) UNIT INVESTMENT TRUST. DEPOSITOR: VAN KAMPEN MERRITT INC. (FILE 33-42248 - AUG. 15) (BR. 18 - NEW ISSUE)

S-4 GREEN TREE ACCEPTANCE INC, 1100 LANDMARK TWRS, 345 ST PETER STREET, SAINT PAUL, MN 55102 (612) 293-3400 - 287,500,000 (S250,843,750) STRAIGHT BONDS. (FILE 33-42249 -AUG. 15) (BR. 12)

NEWS DIGEST, August 22, 1991 7

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a

ACQUISITION O~<SECURITIES

Companies and individuals must report to the Commission within ten days on Schedule 13D if after the acquisition of equity securities of a public company their beneficial interest therein exceeds five percent. Persons eligible to use the short form (Schedule l3G) may in lieu of filing a Schedule l3D file a Schedule l3G within 45 days after the end of the calendar year in which the person became subject to Section l3(d)(l). Companies and individuals making a tender offer must have on file at the time the tender offer commences a Schedule 140-1.

Below is a list of recent filings of Schedules 130 and 140, which includes the following information: Column 1 - the company purchased (top), and the name of the purchaser; Column 2 - the type of security purchased; Column - 3 - the type of form filed; Column 4 - the date the transaction occurred; Column 5 - the current number of shares (in OOO's) owned (top) and the current percent owned; Column 6 - the CUSIP number (top) and the percent owned; and Column 7 - the status of the filing, i.e.,new, update or revision.

EVENT SHRS(OOO)I CUSIPI FILINGNAME AND CLASS OF STOCK/~ER FORM DATE XO\JNED PRIOR" STATUS

CALSTAR INC COM 566 13135610BEDDOR WILLIAM N ET AL 130 8/10/91 11.7 63.2 UPDATE

CAPITAL CITY BK GRP COM 646 13967410SMITH WILLIAM GODFREY 130 8/15/91 21.9 21.7 UPDATE

CENTRAL NEWSPAPERS INC CL A 997 15464710FUND AMERICAN COS 130 8/15/91 4.3 5.6 UPDATE

CHALLENGER INTL LTD COM 120 15758210NEWBERGER SETH A ET AL 130 81 7/91 5.2 0.0 NEW

CIRCLE FINL CORP COM 73 17256410BERKSHIRE ASSET MGMT ET AL 130 81 9/91 9.8 0.0 NEW

CITIZENS GROWTH PPTYS SH BEN INT 145 17470810BAIRD BRENT 0 ET AL 130 71 1/91 52.0 56.7 UPDATE

COMMERCIAL FEDERAL CORP COM 1,481 20164710EQUITABLE OF IOWA COS 130 8/15/91 21.1 22.3 UPDATE

ELMERS RESTAURANT INC COM 100 28939310RANIBOW FUND L P ET AL 130 8/13/91 5.1 0.0 NEW

ENVIORMENTAL CTL GROUP INC COM 2,372 29392810VOTING TRUST 8/07/91 130 81 7/91 33.4 0.0 NEW

HARKEN ENERGY CORP COM 4,836 41255210E-Z SERVE CORP ET AL 130 8/13/91 10.8 10.8 UPDATE

MAXICARE HEALTH PLANS INC COM NEW 840 57790420WEISMAN NEIL JONATHAN ET AL 130 81 8/91 8.4 0.0 NEW

NEWS DIGEST, August 22, 1991 8

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- -

CQUISITIONS CaNT.

__ ;A;;~~'_ ~; .. ~--~.;._- .> ..~_~-. - -."

EVENT SHRS(OOO)! CUSIP/ F ILINGNAME AND CLASS OF STOCK/OWNER FORM DATE XOWNED PRIORX STATUS

MEDIWARE INFORM SYS INC COM 122 58494610QUADROCOM INC ET AL 130 81 6/91 5.0 0.0 NEW

N S GROUP INC COM 1,727 62891610PMAC LTD ET AL 130 8/ 7/91 12.8 0.0 NEW

OXFORD ENERGY CO,THE COM 5,644 69143510COLMAN ROBERT 0 ET AL 130 8/12/91 57.7 65.6 UPDATE

PACER TECHNOLOGY COM 824 69390510GASKIN E REED 130 7/31/91 7.6 6.3 UPDATE

PARK OHIO INDS INC OHIO COM 267 70067710MAXUS INVESTMENT GRP ET AL 130 8/ 9/91 4.8 5.4 UPDATE

PERKIN ELMER CORP SOM 2,518 71404110SOROS GEORGE ET AL 130 8/ 7/91 7.5 6.9 UPDATE

ST GEORGE METALS INC COM 829 78955410NESBIT HARRISON II 130 7/ 1/91 5.9 6.9 UPDATE

SOUTHDOWN INC COM 1,731 84129710BLUM RICHARD C & ASSOC ET AL 130 8/15/91 10.2 8.5 UPDATE

TAYLOR DEVICES INC COM 250 87716310HOFMEISTER GEORGE S ET AL 130 8/ 9/91 10.0 0.0 NEW

UNITED MERCHANTS & MFRS INC COM 6,912 91085810RUSKIN UZI ET AL 130 8/15/91 75.9 31.1 UPDATE

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.

~ .NEWS DIGEST, August 22, 1991 9

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The companies listed below have filed 8-K reports for the date indicated and/oramendments to 8-K reports previously filed, responding to the item(s) of the form specified. Copies of the reports may be purchased from the Commission's Public Reference Room (when ordering, please give the date of the report). An invoice will be included with the requested material when mailed.

STATE SIC ITEM NO. NAME OF ISSUER CODE 12345678 DATE COMMENT ..._-----------------------------CAPITAL CITIES ABC INC INYI

... _-----NY

._-----.-- .. ----X

--_ ........ _-08115/91

CARDIOTRONICS SYSTEMS INC CENTURY MEDICORP CHEVY CHASE EXTENDIBLE CREDIT CARD TRUST CHEVY CHASE EXTENDIBLE CREDIT CARD TRUST CIRCLE K CORP INEW/COORDINATED MEDICAL SERVICES OF NORTH CA DIGITAL METCOM INC ENVIRONMENTAL DIAGNOSTICS INC EQUITEC INCOME REAL ESTATE INVESTORS B EQUITEC INCOME REAL ESTATE INVESTORS C ESSEX GROUP INC FCC NATIONAL BANK FIRST NATIONAL BANK OF CHICAGO /USA/FORUM GROUP INC FPL GROUP CAPITAL INC FPL GROUP INC GEMINI ENERGY CORPORATION GENERAL DEVELOPMENT CORP GLENDALE FED BANK FED SAVINGS BANK MORT GRANITE STATE BANKSHARES INC HBO & CO HEALTH & REHABILITATION PROPERTIES TRUST HUGHES RESOURCES INC IMPERIAL OIL LTD INTERMARK INC /DE/ LAKELAND FINANCIAL CORP LEGGETT & PLATT INC LEUCADIA NATIONAL CORP MARINE MIDLAND BANK N A MEDCO RESEARCH INC MICRO HEALTHSYSTEMS INC MILLER BUILDING SYSTEMS INC MIRAMAR RESOURCES INC MOBIL CORP MS ESSEX HOLDINGS INC MYO TECH CORP NATIONAL HEALTHCORP L P NEWMONT ROTHSCHILD INC NIAGARA CORP NORWEST MASTER TRUST NVF CO OMNI CORP ONECK INC DRS AUTOMATION INC OSAGE FOOTWEAR INC OVERTHRUST OIL ROYALTY CORP PRUDENTIAL SECURITIES SECURED FINANCING

CO CA HI)

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TX NC NV DE CA CA MI

IN FL FL NV DE

NH DE MD CO

DE IN

MO

NY

CA

DE DE DE DE DE DE DE FL FL

DE CO DE DE AR CO DE

X X X X

X X

NO ITEMS NO ITEMS

X X X X

X X

X X X

X X X

NO ITEMS X X X

X X X X X

X X

X X

X X

X X

X X

X X

X X

X X X X X

X X

X X X X X X

X X X X X

X X X

X X

X

X X X X

X X X

X X

X

08/25/9108/02/9108/15/9108/15/9108/15/9106/18/9108/13/9107/10/9107/25/9107/25/9108/15/9108/13/9108/13/9107/26/9108/16/9108/16/9108/13/9108/19/9106/25/9108/02/9108/13/9108/13/9106/31/9108/19/9107/17/9108/02/9108/14/9108/16/9108/08/9108/07/9106/28/9107/25/9107/23/9108/19/9108/15/9106/17/9108/01/9108/14/9108/12/9107/08/9106/07/9108/15/9108/15/9104/29/9108/15/9108/15/9107/30/91

AMEND

AMEND

AMEND

AMEND

AMEND

AMEND

NEWS DIGEST, August 22, 1991 10

Page 11: u.s. SECURITIES .. E.X.C.H.A .lIijGE COMM'SS'ON · The firm must liquidate half of its trading inventory in two securities and all but $20,000 worth of its remaining trading positions.

K REPORTS CaNT.

STATE SIC ITEM NO. NAME OF ISSUER CODE 123 4 5 678 DATE COMMENT ---------------------------------------- .... ------------- ..... ----_ ...

QUATECH INC REYNOLDS METALS CO SALOMON INC SEARS MORTGAGE SECURITIES CORP MORT PASS SECURITY PACIFIC HOME EQUITY TRUST 1991-SOLAR FINANCIAL SERVICES INC SOUTHEAST BANK CREDIT C~RD TRUST 1990 A SPROUSE REITZ STORES INC STRUCTURED ASSET SECURITIES CORP SERIES' STRUCTURED MORTGAGE ASSET RESIDENTIAL TR TANDY RECEIVABLES CORP TEXAS EASTERN TRANSMISSION CORP TEXON ENERGY CORP TRANSCISCO INDUSTRIES INC UTAH SHALE LAND & MINERALS CORP VSI ENTERPRISES INC WINDERMERE LTD

DE DE DE DE CA

NJ

OR DE

DE DE TX DE DE DE GA

X X X X X X

X X X

X X X

NO ITEMS X X X X X X X

X X X X X

X X

06/30/9108/12/9108/19/9106/30/9108/12/9107/03/9108/15/9108/14/9112/25/9007/25/9108/15/9108/16/9106/28/9107/30/9108/02/9108/14/9108/15/91

NEWS DIGEST, August 22, 1991 11

Page 12: u.s. SECURITIES .. E.X.C.H.A .lIijGE COMM'SS'ON · The firm must liquidate half of its trading inventory in two securities and all but $20,000 worth of its remaining trading positions.

SEC PUBLIC INFORMATION NUMBERS

Members of the public seekingcontinue to complain of being nrnr1~~"~1

Commission staff. The followingcalling the appropriate office:

Consumer Affairs (202-272-7440):information.

Freedom of Information Branch (202-272-Act, Sunshine Act, confidential treatment mattE~rs,.t:H;C ••••••

Personnel Locator (202-272-2550):Commission personnel.

Public Affairs (202-272-2650):the Commission'S operations, and callsindividuals, and other related.matters.

Public Reference (202-272-7450):document has been fi1ed,etc.

Publications Unit (202-272-7460/7461):etc.

Office of the Secretary (202-272-2600):calendar.

SEC Information Line (202-272and activities through a

NEWS DIGEST,August 22, 1991 12