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                SECURITIES AND EXCHANGE COMMISSION
                         Washington, D.C.


LITIGATION RELEASE NO. 14820 / February 22, 1996

SECURITIES AND EXCHANGE COMMISSION v. DOUGLAS FRANKEL.,
Civil Action No. 96-1221 JMI (SHx)(U.S.D.C., C.D. Cal.)

     The Securities and Exchange Commission ("Commission")
announced the filing on February 21, 1996, of a Complaint in the
United States District Court for the Central District of
California against Douglas Frankel ("Frankel") of Santa Monica,
California.  The Complaint alleges that Frankel violated the
antifraud, antitouting and securities registration provisions of
the federal securities laws by creating and ordering the
broadcast of fraudulent infomercials that touted investments in
wireless cable television ("WCT") and specialized mobile radio
("SMR") securities.  The Complaint seeks a permanent injunction
against future violations of Sections 5(a), 5(c), 17(a) and 17(b)
of the Securities Act of 1933 ("Securities Act") and Section
10(b) of the Securities Exchange Act of 1934 ("Exchange Act"),
and Rule 10b-5 thereunder, and a civil penalty.

     The Complaint alleges that Frankel, conducting his business
under the name United Broadcast Sales, produced and repeatedly
ordered the broadcast of four half-hour infomercials during 1993
and 1994.  The Complaint alleges that the infomercials resembled
a financial news report, featuring a moderator conducting a
question and answer session with a purported industry "expert" or
"analyst".  The Complaint further alleges that the infomercials
offered prospective investors an opportunity to invest in
securities, and urged viewers to telephone a toll-free number for
additional information on how to become a part owner of a WCT or
SMR system.  The Complaint alleges that Frankel arranged for
operators to obtain the name, address, and telephone number of
persons who called the toll-free number.

     The Complaint further alleges that Frankel sold investor
"leads" generated by broadcasting the infomercials to
approximately 30 promoters of WCT and SMR investments.  The
Complaint alleges that the promoters used the information
purchased from Frankel to contact the persons who responded to
the infomercials and to solicit them to purchase the promoters'
securities.  To date, at least thirteen of Frankel's clients are
defendants in SEC enforcement actions charging them with
violations of the securities registration and/or antifraud
provisions of the federal securities laws in connection with WCT
and SMR offerings.

     The Complaint alleges that Frankel made misrepresentations
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and omissions in his infomercials in order to induce investors to
purchase the offered securities.  The Complaint alleges that the
infomercials, among other things: i) falsely stated that the
risks involved in investing in the offered securities were
minimal; ii) falsely described the investment opportunity as
being in a well-established operating company; iii) falsely
projected exorbitant rates of return; iv) urged prospective
investors that if they did not act immediately they would lose
their opportunity to invest, when there was no reasonable basis
for that statement; and v) falsely implied that disinterested
investment advice was being disseminated.  The Complaint also
alleges that Frankel failed to disclose to investors his
arrangements with his promoter clients or the amount of
compensation he received.

     Simultaneously with the filing of the Complaint, Frankel,
without admitting or denying any of the allegations in the
Complaint, consented to the entry of an order enjoining him from
violating Sections 5(a), 5(c), 17(a) and 17(b) of the Securities
Act and Section 10(b) of the Exchange Act, and Rule 10b-5
thereunder, and ordering him to pay a civil penalty in the amount
of $50,000.