UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 3
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
1. Name and Address of Reporting Person
Mark Joseph D.
c/o
THCG, Inc.
650 Madison Avenue
21st Floor
New York, NY 10022
2. Date of Event Requiring Statement (Month/Day/Year)
11/1/99
3. IRS or Social Security Number of Reporting Person (Voluntary)
4. Issuer Name and Ticker or Trading Symbol
THCG, Inc. ("THCG")
(f/k/a Walnut Financial Services, Inc. ("WNUT"))
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)
(X) Director (X) 10% Owner (X) Officer (give title below) ( ) Other
(specify below)
co-Chief Executive Officer and Director
6. If Amendment, Date of Original (Month/Day/Year)
7. Individual or Joint/Group Filing (Check Applicable Line)
(X) Form filed by One Reporting Person
( ) Form filed by More than One Reporting Person
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Table I -- Non-Derivative Securities Beneficially Owned |
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1. Title of Security |2. Amount of |3. Ownership |4. Nature of Indirect |
| Securities | Form: | Beneficial Ownership |
| Beneficially | Direct(D) or | |
| Owned | Indirect(I) | |
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<S> <C> <C> <C>
Common Stock | 1,302,986 | D | |
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Common Stock | 558,423(1) | I | By trust. |
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* If form is filed by more than one reporting person, see Instruction 5(b)(v). (Over)
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. SEC 1473 (7-96)
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<TABLE>
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Form 3 (continued) Table II - Derivative Securitites Beneficially Owned (e.g., puts, calls, warrants, options, convertible
securities)
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Table II -- Derivative Securitites Beneficially Owned |
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1.Title of Derivative |2.Date Exer- |3.Title and Amount | |4. Conver-|5. Owner- |6. Nature of Indirect |
Security | cisable and | of Underlying | |sion or |ship | Beneficial Ownership |
| Expiration | Securities | |exercise |Form of | |
| Date(Month/ |-----------------------|---------|price of |Deriv- | |
| Day/Year) | |Amount |deri- |ative | |
| Date | Expira- | |or |vative |Security: | |
| Exer- | tion | Title |Number of|Security |Direct(D) or | |
| cisable | Date | |Shares | |Indirect(I) | |
___________________________________________________________________________________________________________________________________|
<S> <C> <C> <C> <C> <C> <C> <C>
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Explanation of Responses:
(1) These shares are held in trusts for the benefit of the reporting person's children, for which trusts his wife serves as the
trustee. The reporting person disclaims beneficial ownership of these securities, and this report shall not be deemed an
admission that the reporting person is the beneficial owner of such securities for the purposes of Section 16 or for any
other purpose.
** Intentional misstatements or omissions of facts constitute Federal
Criminal Violations. /s/ Joseph D. Mark 11/5/99
See 18 U.S.C. 1001 and 15 U.S. C. 78ff(a). -------------------------------- ----------
** Signature of Reporting Person Date
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Note: File three copies of this Form, one of which must be manually signed. If
space provided is insufficient, see Instruction 6 for procedure.
Potential persons who are to respond to the collection of information contained
in this form are not required to respond unless the form displays a currently
valid OMB Number.
