UNITED STATES OF AMERICA
before the
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.

SECURITIES EXCHANGE ACT OF 1934
Rel. No. 51578 / April 20 2005

ADMINISTRATIVE PROCEEDING
File No. 3-11605

NOTICE THAT INITIAL DECISION HAS BECOME FINAL

The time for filing a petition for review of the initial decision in this proceeding has expired. No such petitions have been filed with respect to Derrick N. McKinney and Rick R. Malizia, and the Commission has not chosen to review the decision as to them on its own initiative.

Accordingly, notice is hereby given, pursuant to Rule 360(e) of Commission's Rules of Practice, that the initial decision of the administrative law judge^* has become the final decision of the Commission with respect to Derrick N. McKinney and Rick R. Malizia. The order contained in the decision with respect to them is hereby declared effective. That order barred McKinney and Malizia from association with any broker or dealer.

For the Commission by the Office of the General Counsel, pursuant to delegated authority.

Endnotes

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^* Derrick N. McKinney and Rick R. Malizia, Initial Decision Rel. No. 278 (March 22, 2005), ___ SEC ___.

http://www.sec.gov/litigation/aljdec/34-51578.htm