Finality Order of an Initial Decision of an SEC Administrative Law Judge

In the Matter of
Edward J. Kohler

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.

SECURITIES ACT OF 1933
Rel. No. 8229 /April 30, 2003

SECURITIES EXCHANGE ACT OF 1934
Rel. No. 47773 / April 30, 2003

INVESTMENT COMPANY ACT OF 1940
Rel. No. 26038 / April 30, 2003

INVESTMENT ADVISERS ACT OF 1940
Rel. No. 2125

Admin. Proc. File No. 3-9657

In the Matter of EDWARD J. KOHLER

: : : : :

NOTICE THAT INITIAL DECISION HAS BECOME FINAL

The time for filing for review of the initial decision in this proceeding has expired. No such petition has been filed that relates to Edward J. Kohler, and the Commission has chosen not to review on its own initiate the decision with respect to Kohler.

Accordingly, notice is hereby given, pursuant to Rule 360(e) of the Commission's Rules of Practice, that the initial decision of the administrative law judge */ has become the final decision with respect to Edward J. Kohler. The order contained in the decision is hereby declared effective as to Kohler. That order dismissed theallegations against Kohler that he failed reasonably to supervise two individuals associated with an investment adviser.

For the Commission by the Office of the General Counsel, pursuant to delegated authority.

Jonathan G. Katz
Secretary

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*	Piper Cap. Mgmt., Inc., Initial Decision Rel. No. 175 (Nov. 30, 2000), 73 SEC Docket 2525.