Enforcement Actions Administrative

In the Matter of the Applications for Investment Adviser and Investment Adviser Represenative Registration of Top of Texas Financial Strategies, Inc., and Patrick Henry Phillips, Jr.

In the Matter of the Agent Registration of Thomas McDonald Couch, Jr.

In the Matter of the Dealer Registration of CitiGroup Global Markets Inc. f/k/a Salomon Smith Barney Inc.

In the Matter of Kenneth Paul Lawrence

In the Matter of the Dealer Registration of Bear, Stearns & Co. Inc.

In the Matter of the Dealer Registration of Morgan Stanley & Co. Incorporated

In the Matter of NSI Development Corporation; Joe Loofbourrow and George Edwards

In the Matter of Strategic Financial Advisors, Inc. and David Kaye

In the Matter of National CD Brokers AKA NCDB; Phil Head; Harris I. Strong and Rita Brychta

In the Matter of the Dealer Registration of U.S. Bancorp Piper Jaffray Inc.