Asif Ameen and Bruce W. Bertsch

SECURITIES EXCHANGE ACT OF 1934
Release No. 41433 / May 21. 1999

ADMINISTRATIVE PROCEEDING
File No. 3-9906

ADMINISTRATIVE PROCEEDINGS INSTITUTED AGAINST ASIF AMEEN
AND BRUCE W. BERTSCH

The Commission has entered an Order Instituting Administrative Proceedings Pursuant to Sections 15(b) and 19(h) of the Securities Exchange Act of 1934 ("Order") against Asif Ameen ("Ameen") of Wichita, Kansas and Bruce W. Bertsch ("Bertsch") of Valley Center, Kansas. The Order alleges that from approximately 1993 through mid-1997, Ameen, while a registered representative of Primeline Securities Corp., a registered broker dealer located in Wichita, Kansas, stole funds from his clients and from other persons. The Order further alleges that Ameen was convicted on April 16, 1998 of four state counts of felony theft and one state count of securities fraud related to his thefts, for which he was sentenced to 32 months in prison and ordered to pay $60,000 restitution. The Order further alleges that Bertsch, while employed at Primeline as one of Ameen's supervisors, failed reasonably to supervise Ameen with a view to preventing violations of the antifraud provisions of the federal securities laws, in violation of Sections 15(b)(4)(E) and 15(b)(6)(A) of the Securities Exchange Act of 1934.

A hearing will be held before an administrative law judge to determine whether the staff's allegations are true, and if so, what remedial sanctions are appropriate in the public interest, and whether Bertsch should be ordered to pay civil penalties.