UNITED STATES SECURITIES AND EXCHANGE COMMISSION

Litigation Release No. 17187 / October 15, 2001

   SEC V. MARK STEVEN SNADER, D/B/A E-HIGHYIELDS.COM AND THE HIGH YIELD
   CLUB, (U.S. D.C., Northern District of Texas, Dallas Division, Civil
   Action No. 3-01-CV-2062-X).

   On October 12, 2001, the Commission filed a civil action against Mark
   Steven Snader, individually and d/b/a "e-highyields.com" and "The High
   Yield Club." In its complaint, the Commission alleged that Snader
   engaged in fraudulent, unregistered broker activities over the
   Internet his website, e-highyields.com. Snader solicited investor
   funds for "prime bank" type trading schemes, and made false and
   misleading statements involving his operations, his investment
   experience, his due diligence and the basis for his investment
   recommendations.

   Contrary to his claims, Snader, who resides in Stevens, Pennsylvania,
   did not have a staff of analysts working for him. Nor was he advised,
   on a daily basis, by a network of consultants who provided him with
   information not available to the general public. Rather, Snader's
   operation was a one-man show, run completely from his home computer.
   Further, Snader, who claimed to be a former purchasing manager for one
   of the top 50 corporations in the world, was in fact a former truck-
   driver and welder, with a high school education and no investment
   experience or acumen. Finally, Snader's promises of investment
   returns, ranging from 60 to 208 percent annually, had no basis in
   fact.

   Simultaneously, with the filing of its action, the Commission
   announced that Snader, without admitting or denying the Commission's
   charges, consented to the entry of a permanent injunction enjoining
   him from further violating Section 17(a) of the Securities Act of
   1933, Sections 15(a) and 10(b) of the Securities Exchange Act of 1934
   and Rule 10b-5 thereunder. As part of the consent order, Snader agreed
   to pay disgorgement and a civil money penalty in amounts to be
   determined by the Court and/or by further agreement with the
   Commission.

   Unscrupulous promoters continue to victimize the public with "prime
   bank" schemes. Accordingly, investors are advised to access the
   Commission's "Prime Bank" Investor Alert. This warning provides tips
   on how to avoid becoming a victim of such scams. The investor alert
   can be found on the Commission's website at . Bottom line Prime Bank
   investments do not exist.
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