FOR IMMEDIATE RELEASE                                 2000-182

        David L. Kornblau Named Chief Litigation Counsel
                of SEC's Division of Enforcement
                                
     Washington, DC, December 7, 2000- Richard H. Walker,
Director of Enforcement at the Securities and Exchange
Commission, today named David L. Kornblau Chief Litigation
Counsel of the Commission's Division of Enforcement.  As Chief
Litigation Counsel, Mr. Kornblau will supervise the Enforcement
Division's litigation program.  Mr. Kornblau succeeds Christian
J. Mixter, who left the Commission in September.

     Mr. Walker said, "I am very pleased that David will lead our
litigation efforts.  He is an extraordinarily talented trial
lawyer and a great legal tactician.  The Commission will benefit
greatly from his vast knowledge of the federal securities laws
and his unparalleled legal judgment."

     Mr. Kornblau joined the Commission in July 1995 as an
Assistant Chief Litigation Counsel.  Among the cases he has
prosecuted for the Commission is an action filed earlier this
year against a Florida hedge fund manager, David Mobley, Sr., who
hid $59 million in investor losses by fabricating account
statements for seven years.  Mr. Kornblau also spearheaded the
Commission's efforts that led to a $2.25 million settlement in an
insider trading action against Raymond Lum, a prominent Singapore
businessman, as well as the shut-down of a nationwide $50 million
Ponzi scheme called the Better Life Club of America.  He also
worked on a criminal securities fraud prosecution in Memphis,
Tennessee, by special assignment to the Department of Justice.

     From 1987 until he joined the Commission, Mr. Kornblau was a
litigator at the law firm of Paul, Weiss, Rifkind, Wharton &
Garrison in New York.  Prior to that he served as a law clerk on
the U.S. Court of Appeals for the Ninth Circuit in San Francisco.

     Mr. Kornblau, 39, earned his undergraduate degree in physics
from Princeton University and his law degree from Harvard Law
School.
     
                             #  #  #