The SEC is continuing to press the money management industry on year 2000, or Y2K, computer programming and compliance issues.

Amervest Company of Los Angeles agreed to pay a fine of $22,500 for failing to file a form informing the SEC of Amervest's progress in preparing its computer systems for Y2K. Amervest advises an investment company - an entity that can include mutual funds, trusts and partnerships - according to a complaint that the SEC filed against Amervest on Aug. 26.

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