UNITED STATES SECURITIES AND EXCHANGE COMMISSION


Litigation Release No. 15313 / April 2, 1997

SECURITIES AND EXCHANGE COMMISSION v. TIMOTHY A. HILLS and S.J.
WINDSOR CAPITAL PARTNERS LLP, 97-1580, U.S.D.C., E.D.N.Y. (TCP)

NEW YORK --  The Securities and Exchange Commission announced
that it filed a complaint on April 2, 1997, in the United States
District Court for the Eastern District of New York, against
Timothy A. Hills ("Hills") and S.J. Windsor Capital Partners LLP
("S.J. Windsor").  The complaint alleges that Hills violated the
Order Making Findings and Imposing Remedial Sanctions and Cease
and Desist Order, which was issued on consent by the Commission
on November 8, 1995 ("Commission Order") in a prior
administrative proceeding instituted against Hills, In the Matter
of Timothy A. Hills, A.P. File No. 3-8707 (June 1, 1995).  The
complaint further alleges that S.J. Windsor has been operating as
an unregistered broker in violation of the broker registration
provisions of the federal securities laws.  The Commission also
made an application to the court for a Temporary Restraining
Order ordering Hills to comply immediately with the Commission
Order, and restraining S.J. Windsor from continuing to operate as
an unregistered broker.  The Commission's application also seeks
the appointment of a Temporary Receiver for S.J. Windsor, an
order prohibiting the destruction or alteration of documents, and
an order for expedited discovery.

The complaint alleges that, since at least August 1996, Hills, a
former Stratton Oakmont, Inc. broker who resides in Centerport,
New York, has been associated with S.J. Windsor and has been
soliciting investors to purchase securities of Cyberweb Cafe,
Inc. as well as the securities of other companies.  The complaint
alleges that S.J. Windsor violated the broker registration
provisions of the federal securities laws by operating as an
unregistered broker since at least August 1996.  In addition, the
complaint alleges that Hills violated the Commission Order which
barred Hills from association with any broker, dealer, investment
company, investment adviser and municipal securities dealer.  The
Commission Order also contained findings that Hills made material
misrepresentations, failed to disclose material facts and engaged
in unauthorized trading.  

The complaint seeks an order appointing a Temporary Receiver to
bring S.J. Windsor into compliance with the federal securities
laws, preliminary and permanent injunctive relief against Hills
and S.J. Windsor, civil penalties, and orders preventing the
destruction or alteration of documents and for expedited
discovery.