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

SECURITIES EXCHANGE ACT OF 1934
Rel. No. 50614 / October 29, 2004

ACCOUNTING AND AUDITING ENFORCEMENT
Release No. 2168 / October 29, 2004

ADMINISTRATIVE PROCEEDING
File No. 3-11084

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 petition has been filed with respect to Harrison Securities, Inc., Frederick C. Blumer, and Nebrissa Song, 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 Harrison Securities, Inc., Frederick C. Blumer, and Nebrissa Song. The order contained in the decision is hereby declared effective. That order required that:

(a) the charges in the Order Instituting Proceedings are dismissed for allegations that Harrison failed to maintain sufficient net capital on June 28, July 31, August 31, October 31, December 27 and 28, 2001 and April 24, 2002 as required by Section 15(c)(3)of the Securities Exchange Act of 1934 and Exchange Act Rule 15c3-1 (a);

(b) Harrison and Blumer cease and desist from committing or causing any violations or future violations of Exchange Act Sections15(c)(3) and 17(a)(1) and Exchange Act Rules 15c3-1(a), 17a-3(a), 17a-4(a) and (f), 17a-5(a), and 17a-11(b) and (d);

(c) Song cease and desist from committing or causing any violations or future violations of Exchange Act Sections 15(c)(3) and 17(a)(1) and Exchange Act Rules15c3-1(a), 17a-3(a), 17a-5(a), and 17a-11(b) and (d);

(d) Blumer is barred from association with any broker or dealer;

(e) Harrison pay a civil penalty of $400,000 and Blumer pay a civil penalty of $120,000; and

(f) Pursuant to Rule of Practice 102(e)(1)(iii), Blumer is barred from appearing and practicing before the Commission as an accountant.

The payment of the civil penalties shall be made to the United States Treasury within 30 days of this order. The civil penalty payment shall be: (a) made by United States postal money order, certified check, bank cashier's check, or bank money order; (b) made payable to the Securities and Exchange Commission; (c) mailed to the Comptroller, Securities and Exchange Commission, 6432 General Green Way, Suite B, Mail Stop 0-3, Alexandria, Virginia 22312; and (d) submitted under cover letter that identifies Harrison and Blumer as respondents in this proceeding, as well as the Commission's case number. A copy of said cover letter and money order or check shall be sent to Allan I. Kahn, Northeast Regional Office, Securities and Exchange Commission, The Woolworth Building, 233 Broadway, Room 11-131, New York, New York 10279.

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

Endnotes

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^* Harrison Securities, Inc., Frederick C. Blumer, and Nebrissa Song, Initial Decision Rel. No. 256 (September 21, 2004), ___ SEC Docket___.

http://www.sec.gov/litigation/aljdec/34-50614.htm