UNITED STATES OF AMERICA
Before the
SECURITIES AND EXCHANGE COMMISSION

SECURITIES EXCHANGE ACT OF 1934
Release No. 47299/January 31, 2003

   INVESTMENT ADVISERS ACT OF 1940
   Release No. 2105/January 31, 2003

   ADMINISTRATIVE PROCEEDING
   File No. 3-10946
     _________________________________________________________________

   In the Matter of

   Arjun Sekhri

   Respondent.
     _________________________________________________________________

   ORDER MAKING FINDINGS AND IMPOSING REMEDIAL SANCTION BY DEFAULT

                                     I.

   Respondent Arjun Sekhri (Respondent or Sekhri) is in default under
   Rule 155(a) of the Securities and Exchange Commission's (Commission)
   Rules of Practice, 17 C.F.R. § 201.155(a), because he has failed to
   file an answer in this matter. The Division of Enforcement (Division)
   has represented that service was made pursuant to Rule 141(a)(iv) of
   the Commission's Rules of Practice, 17 C.F.R. § 201.141(a)(iv).

   At a prehearing conference held on January 6, 2003, the Division moved
   for summary disposition of this matter. On January 24, 2003, the
   Division filed a Memorandum in Support of Division's Motion For
   Summary Disposition Against Respondent Arjun Sekhri. Because Sekhri
   has failed to file an answer, the Division's motion for summary
   disposition will be treated as a motion for default pursuant to Rule
   220(f) of the Commission's Rules of Practice, 17 C.F.R. § 201.220(f).

                                    II.

   Accordingly, I find the allegations in the OIP, dated November 21,
   2002, are true

   1. Between July 1996 and January 1998, Sekhri, age 37, was associated
   with Salomon Smith Barney, Inc., in New York, New York, a registered
   broker, dealer, municipal securities dealer, and investment adviser.