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UNITED STATES SECURITIES AND EXCHANGE COMMISSION

Litigation Release No. 14708 / November 1, 1995                


Securities and Exchange Commission v. Robert O. Glau, Jr., Civil
Action No. CV-S-95-00904-LDG (D. Nev.)

     The Securities and Exchange Commission ("Commission")
announced that on October 13, 1995, Robert O. Glau, Jr. ("Glau")
was permanently enjoined by consent, without admitting or denying
the allegations of the Complaint, from future violations of
Section 15(c)(2)(A) of the Securities Exchange Act of 1934 and
Rule 15c2-11 thereunder.  Commission Rule 15c2-11 requires
preparation and maintenance of extensive, detailed issuer
information in support of an application for publication of
initial price quotations for a security in a quotation medium.

     The Complaint, filed September 21, 1995, alleges that Glau,
then a registered representative in the Las Vegas office of a
Denver-based brokerage firm, failed to prepare or maintain a
record of the circumstances involved in two applications for
publication of price quotations, including the name of the person
on whose behalf the applications were being submitted.  The
applications at issue were for initial publication of price
quotations in Omni USA, Inc. ("Omni") and Investornet, Inc.
("Investornet") common stock.  The Complaint also alleges that
the deficient applications were submitted to the National
Quotation Bureau, Inc. in November 1988.  The Complaint further
alleges that the applications for publication were part of a
larger scheme by Glau and others to control and manipulate the
price of Omni and Investornet stock in anticipation of and
preparatory to Glau's associates liquidating their positions in
Omni and Investornet at substantial profits.