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

In the Matter of
F.X.C. Investors Corp. and Francis X. Curzio

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.

INVESTMENT ADVISERS ACT OF 1940
Rel. No. 2097 / January 9, 2003

Admin. Proc. File No. 3-10625

In the Matter of F.X.C. INVESTORS CORP. and FRANCIS X. CURZIO

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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 by the parties, and the Commission has not chosen to review the decision on its own initiative.

Accordingly, notice is hereby given, pursuant of Rule 360(e) of the Commission's Rules of Practice, that the initial decision of the administrative law judge* has become the final decision of the Commission. The order contained in the decision is hereby declared effective. That order required that:

(a) F.X.C. Investors Corp. cease and desist from committing any violations or any future violations of Sections 206(1), 206(2), and 206(4) of the Investment Advisers Act of 1940 and Advisers Act Rule 206(4)-1(a)(5);

(b) F.X.C. Investors Corp. engage an investment advisory consultant, acceptable to the Commission's Division of Enforcement, to review any advertising for a period of two years; and

(c) Francis X. Curzio is censured.

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

Jonathan G. Katz
Secretary

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*	F.X.C. Investors Corp. and Francis X. Curzio, Initial Decision Rel. No. 218 (Dec. 9, 2002), ___SEC Docket___.