-------------------- BEGINNING OF PAGE #1 -------------------

                     UNITED STATES OF AMERICA
                            Before The
                SECURITIES AND EXCHANGE COMMISSION


SECURITIES EXCHANGE ACT OF 1934
Release No. 36438 / October 31, 1995

ADMINISTRATIVE PROCEEDING
File No. 3-8875


     
-------------------------
                         :    ORDER INSTITUTING PROCEEDINGS,
     In the Matter of    :    MAKING FINDINGS AND IMPOSING
                         :    REMEDIAL SANCTIONS PURSUANT TO
     ROBERT O. GLAU      :    SECTION 15(b) AND 19(h) OF THE 
                         :    SECURITIES EXCHANGE ACT OF 1934
-------------------------


                                I.

     In connection with proposed administrative proceedings pur-
suant to Sections 15(b) and 19(h) of the Securities Exchange Act
of 1934 ("Exchange Act"), Robert O. Glau ("Glau") has submitted
an Offer of Settlement ("Offer") which the Commission has
determined is in the public interest to accept.  Solely for the
purpose of this proceeding and any other proceeding brought by or
on behalf of the Commission, or in which the Commission is a
party, Respondent Glau, without admitting or denying the
findings, except as to jurisdiction, which is admitted, consents
to the imposition of the remedial sanctions contained in this
Order.

                               II.

     Accordingly, IT IS ORDERED that public proceedings pursuant
to Sections 15(b) and 19(h) of the Exchange Act be, and hereby
are, instituted.

                               III.

     On the basis of this Order Instituting Public Proceedings
and the Offer of Settlement submitted by the Respondent, the
Commission finds that:

     A.   From at least May 1, 1988 to December 31, 1988, Glau
          was a registered representative associated with
          Fitzgerald-Talman, Inc., a defunct broker-dealer
          formerly registered with the Commission.

     B.   On August 8, 1994, Respondent Glau pled guilty to one
          count of violating 15 U.S.C. Section 78o(c)(2)(A) and
          17 C.F.R. Section 240.15c2-11 in U.S. v. Robert O.
          Glau, case number CR-S-93-282-PMP-RLH, in the United
          States District Court for the District of Nevada.  In
          his sworn plea, Glau admitted, among other things, that
          he failed to prepare and maintain information requisite
          to publication of initial stock price quotations in a
          quotation medium for Triste Corporation securities
          (subsequently known as Omni USA, Inc.) and Venga, Inc.
          securities (subsequently known as Investornet, Inc.).

     C.   On October 1, 1995, Respondent Glau was permanently

-------------------- BEGINNING OF PAGE #2 -------------------

          enjoined in SEC v. Robert O. Glau, pursuant to his
          consent and without admitting or denying the
          allegations in the complaint, from future violations of
          Section 15(c)(2)(A) of the Securities Exchange Act of
          1934 and Rule 15c2-11 thereunder.

     D.   The Commission's complaint filed in the injunctive
          matter alleged, among other things, that Glau failed to
          prepare and maintain information required in connection
          with publication of initial stock price quotations in a
          quotation medium for Triste Corporation securities and
          Venga, Inc. securities.

                               IV.

     In view of Respondent Glau's consent to the injunction
discussed in paragraphs III. C. and D. above, the Commission
finds it is in the public interest to impose the sanctions
specified by Robert O. Glau in his Offer.

     Accordingly, IT IS ORDERED that:

     Robert O. Glau is hereby barred from association with any
broker, dealer, investment adviser, investment company, or
municipal securities dealer.


     By the Commission.




                              Jonathan G. Katz
                              Secretary