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Microcap & Penny Stocks : Rocky Mountain Int'l (OTC:RMIL former OTC:OVIS) -- Ignore unavailable to you. Want to Upgrade?

To: RBM who wrote (20297)	11/20/1997 1:47:00 AM
From: Pugs	Read Replies (1) \| Respond to of 55532

Rob, he was very helpful, I've since sent him materials about certs, Mork, RMIL, Kugler....I have to believe you should go that route!, best to you, Pugs Oh!..this IS a last ditch effort by Mork, he knows THE JIG IS UP!!!! NO ONE SAID IT WOULD BE EASY!!!, Pugs

To: RBM who wrote (20297)	11/20/1997 1:50:00 AM
From: michael d kugler	Read Replies (2) \| Respond to of 55532

I'm not so sure that someone wants you to sell as much as someone is trying to tell you something. Do you think his complaints at the SEC are frivolous?

To: RBM who wrote (20297)	11/20/1997 1:59:00 AM
From: Mach 2	Read Replies (2) \| Respond to of 55532

Departure of SEC Lawyers Stretches Agency's Resources By PAUL BECKETT Staff Reporter of THE WALL STREET JOURNAL WASHINGTON -- A hot job market for lawyers has led to an exodus of enforcement attorneys from the Securities and Exchange Commission in the past year. The departures, which some SEC staffers estimate are the highest in any year since the late 1980s, have stretched the division's resources and extended the time it takes to bring cases. The problem comes as regulators are voicing concern about the resurgence of securities fraud involving small stocks and the potential for insider trading in a spate of corporate mergers. Of the roughly 250 attorneys in the SEC's headquarters enforcement division, which handles large investigations and houses the division's senior managers, 47 lawyers left in the fiscal year ended Sept. 30, up from 27 the year before, according to the SEC. Seven of the division's 32 branch chiefs, the first level of attorney supervision, also left, compared with four in 1996 and one in 1995. Impact in New York The proportion of enforcement attorneys leaving is even higher in some key regional offices. In the Northeast regional office in New York, 32 of 85 enforcement attorneys left in fiscal 1997 and four more have left since Oct. 1. Even though many of them have been replaced, SEC officials acknowledge that it has taken time for new staffers to get up to speed. The result, says Carmen Lawrence, Northeast regional director, is "the wrongdoers are out there for a longer period of time before they are brought to justice." SEC officials say the biggest single recruiter has been the new regulatory arm of the National Association of Securities Dealers, which has hired away more than a dozen SEC enforcement lawyers in the past 18 months with the prospect of better pay. According to civil-service pay scales, SEC staff attorneys can earn between $38,000 and $84,000 a year, depending on their experience; branch chiefs typically earn between $66,000 and $84,000. NASD Regulation pays as much as 20% above that and offers more-lucrative incentive packages. "It does enable you to make a little more money and still wear the white hat," says Barry Goldsmith, former SEC enforcement chief litigation counsel who now heads NASD Regulation's enforcement division. Greener Pastures Other SEC enforcement attorneys have left for bigger salaries at law firms and securities firms that are beefing up their legal departments, especially in compliance. PaineWebber Group Inc. alone has hired five attorneys from the SEC's New York office, SEC officials say. Attorneys have also jumped ship for the Justice Department and the Commodities Futures Trading Commission. "The market is doing well and, likewise, the market for lawyers who work in this area is doing well," William McLucas, director of the enforcement division, said in an interview. So far, the enforcement division's total caseload doesn't appear to be affected by the departures. In fiscal 1997, the division brought 482 cases and had 1,612 investigations pending, up from 453 cases and 1,533 investigations in 1996 and compared with 486 cases and 1,426 investigations in 1995. But Mr. McLucas acknowledged that the departures have had an impact on the speed with which cases are brought and resolved. "It has to affect the timing with which cases get completed, but you just deal with it," he said. "You push people to work harder and roll up their sleeves." The pressure is forcing the New York office to refer more cases to other SEC regional offices, state securities regulators and self-regulatory organizations such as the NASD and the New York Stock Exchange. Ms.Lawrence said it has also hampered the office's ability to coordinate with criminal authorities. The long hours that SEC attorneys are working because of the departures has removed one of the big benefits that many see in their jobs: that, in the words of one staffer, they can "have a life." Now, there is a perception that if an attorney is going to work marathon days regularly, he may as well work for much more money elsewhere, officials say. The New York office has also found it hard to fill more senior positions because there are so many more profitable alternatives. Two of the office's six assistant-director positions have been vacant since the spring.