J. Scott Eskind

Investment Advisers Act of 1940
Release No. 1838 / September 30, 1999

Administrative Proceeding
File No. 3-10053

ADMINISTRATIVE PROCEEDINGS INSTITUTED AGAINST J. SCOTT ESKIND

The Securities and Exchange Commission ("Commission") announced that on September 30, 1999, it issued an Order Instituting Public Administrative Proceedings pursuant to Section 203(f) of the Investment Advisers Act of 1940 against J. Scott Eskind ("Eskind") of Atlanta, Georgia.

The Order alleges that the Commission filed suit against Eskind in June 1997, alleging violations of the federal securities laws, including the antifraud provisions. The Order also alleges that Eskind consented to a permanent injunction against future violations of the antifraud provisions, Section 17(a) of the Securities Act of 1933 and Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5, thereunder. An injunctive order was issued in January 1998.

A hearing will be scheduled before an administrative law judge to take evidence on the staff's allegations and to afford the respondent an opportunity to present any defenses. The purpose of the hearing is to determine whether the allegations are true, and whether any remedial action is appropriate in the public interest.