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Microcap & Penny Stocks : BoysToys.com, Inc (OTCBB:GRLZ)

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To: Chip Roos who wrote (80)	2/25/1999 10:57:00 PM
From: Jeffrey S. Mitchell	Read Replies (1) of 112

U.S. SECURITIES AND EXCHANGE COMMISSION Securities Act of 1933 Release No. 7642 / February 24, 1999 Securities Exchange Act of 1934 Release No. 41101 / February 24, 1999 Administrative Proceeding File No. 3-9836 ADMINISTRATIVE PROCEEDINGS INSTITUTED AGAINST RCG CAPITAL MARKETS GROUP, INC. AND ARTHUR MAX RAMRAS FOR FAILING TO DISCLOSE PAYMENTS FROM ISSUERS FOR TOUTING STOCKS The Securities and Exchange Commission ("Commission") announced today that it issued an Order Instituting a Public Administrative the Securities Act of 1933 and Sections 15(b) and 19(h) of the Securities and Exchange Act of 1934 ("Order") against RCG Capital Markets Group, Inc. ("RCG") and RCG's owner Arthur Max Ramras ("Ramras"). The Commission's Order alleges that between November 1998 and January 1999, RCG and Ramras touted the stocks of nine issuers by favorably describing the issuers and their stocks on RCG's website in exchange for compensation packages that included cash and performance-based stock options. The Order further alleges that RCG and Ramras failed to disclose the nature and amount of consideration received from the clients, in violation of Section 17(b) of the Securities Act of 1933. RCG is based in Phoenix, Arizona, and offers financial relations services to small and microcap issuers. Ramras is the President, Chief Executive Officer and sole shareholder of RCG. Ramras is also associated as a registered representative with a registered broker-dealer. A hearing will be held before an administrative law judge to determine whether the staff's allegations are true, and if so, whether cease-and-desist orders should be issued against respondents and whether any remedial action should be ordered against Ramras. Kelly Bowers Assistant Regional Director Pacific Regional Office (323) 965-3924 sec.gov - Jeff

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