The Jailhouse

[MMMARY]

while I sit here, con men committing fraud on npct

http://www.sec.gov/litigation/admin/337318.txt

is this why I'm in here? To keep quiet about this? matt and willy been talking?

Securities Act of 1933
Release No. 7318 / August 1, 1996

Securities Exchange Act of 1934
Release No. 37511 / August 1, 1996

Administrative Proceeding
File No. 3-8798

------------------------------
:
In the Matter of :
:
RODGER E. THORNTON : ORDER MAKING FINDINGS
: AND IMPOSING SANCTIONS
:
:
:
-------------------------------
I.

In this proceeding ordered pursuant to Section 8A of the
Securities Act of 1933 ("Securities Act") and Sections 15(b),
19(h) and 21C of the Securities Exchange Act ("Exchange Act")
respondent Rodger E. Thornton ("Thornton") has submitted an Offer
of Settlement ("Offer"), which the Commission has determined to
accept1/. 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 and without admitting or denying
the Commission's findings contained herein, except as to
jurisdiction and paragraph II.A, which he admits, Thornton
consents to the entry of this Order Making Findings and Imposing
Sanctions set forth below.

II.

On the basis of the Order for Proceedings and the Offer
submitted by Thornton, the Commission finds that:2/

A. Schneider Securities, Inc. ("Schneider"), is a Colorado
corporation registered since 1985 as a broker-dealer
with the Commission pursuant to Section 15(b) of the


1/ The Order for Proceedings in this matter was instituted
September 6, 1995.

2/ Any findings herein are made pursuant to Thornton's Offer
and solely for
the purpose of these proceedings and are not binding on any
other person or
entity named as a Respondent in this or any other proceedings.





Exchange Act. Thornton, a resident of Colorado Springs,
Colorado, was a registered representative for Schneider
from about 1988 to about October 1991. Thornton was
employed as a consultant by Stat-Tech International
Corp. ("Stat-Tech") during about November and December
1991.

B. From in or about October 1991 through November 1991,
Thornton willfully violated Sections 5(a) and 5(c) of
the Securities Act in that he directly and indirectly
made use of the means and instruments of transportation
and communication in interstate commerce and of the
mails to offer to sell, sell and deliver after sale, or
to cause offers, sales and delivery after sale, to
members of the public, certain securities, namely
shares of common stock of Stat-Tech, when no
registration statement was filed or in effect as to the
said securities pursuant to the Securities Act. As
part of and in furtherance of the aforesaid conduct and
activities:

1. While a registered representative for Schneider,
Thornton effected or caused sales of 1,900,000
shares of Stat-Tech stock for Therese M. Lamb
("Lamb"), the wife of Raynard M. Fenster
("Fenster"), president of Stat-Tech;

2. While a consultant with Stat-Tech, Thornton
effected or caused sales of 1,900,000 shares of
Stat-Tech stock, the certificates for which were
in the name of Esther Rogers ("Rogers"), a nominee
for Fenster and Thornton. Thornton was, at the
time he directed such sales, a consultant for
Stat-Tech, and Thornton and Fenster shared part of
the proceeds of the sales.

C. The Commission has reviewed Thornton's sworn financial
statement and other evidence adduced by Thornton.
Provided that he has submitted a true, accurate and
complete sworn affidavit establishing his inability to
pay concerning his financial condition, including his
assets, liabilities, income and expenses, the
Commission has determined that Thornton does not have
the financial ability to pay disgorgement of $83,000 or
a civil penalty.

III.

Based on the foregoing and the Offer, the Commission deems
it appropriate and in the public interest to impose the sanctions
specified in the Offer.






ACCORDINGLY, IT IS ORDERED THAT:

Effective on the second Monday after the date of this Order
Thornton be suspended from association in any capacity with any
broker, dealer, municipal securities dealer, investment company
or investment adviser for a period of six months.

Thornton cease and desist from committing or causing
violations or future violations of Sections 5(a), 5(c) of the
Securities Act.

Thornton pay disgorgement of $83,000, plus interest, at the
legal rate, dating from the date of his violative conduct to the
date of the Order, provided, however, that the payment of such
disgorgement is waived based upon Thornton's current demonstrated
financial inability to pay disgorgement. The Division of
Enforcement may, without prior notice, petition the
Administrative Law Judge to reopen this matter to consider
Thornton's inability to disgorge funds if the Division of
Enforcement obtains information that the financial information
provided by Thornton was inaccurate or incomplete in any material
respect as of the time of such representations. In connection
with such petition, the Administrative Law Judge may consider
ordering Thornton to pay $83,000 in disgorgement, plus interest,
and a civil penalty. Thornton may not, by way of defense to such
petition, contest the allegations or findings in this Order or
assert that disgorgement and/or the payment of a civil penalty
should not be ordered.

Thornton comply with his undertaking to provide to the
Commission within thirty days after the end of the six month
period described above, an affidavit that he has complied fully
with the sanctions described above.

By the Commission.




Jonathan G. Katz
Secretary



___________________________
Just say NO to stock fraud!