Defendant Name: LSB Industries, Inc.  

Defendant Type: Public Company
SIC Code: 2873
CUSIP: 50216010

Initial Case Details

Legal Case Name In the Matter of LSB Industries, Inc. and Jimmie Dean Jones, CPA
First Document Date 17-Jul-2009
Initial Filing Format Administrative Action
File Number 3-13555
Allegation Type Issuer Reporting and Disclosure
AAER 3015

Violations Alleged

Exchange Act
• Sec 13(a)
• Rule 13a-1
• Rule 13a-13
• Sec 13(b)(2)(A)
Additionally, Jimmie Dean Jones, CPA  is alleged to have aided and abetted LSB Industries, Inc.  's violation of Sec 13(a) of the Exchange Act (willfully/knowingly).
Jimmie Dean Jones, CPA  is alleged to have caused LSB Industries, Inc.  's violation of Sec 13(a) of the Exchange Act.
Jimmie Dean Jones, CPA  is alleged to have aided and abetted LSB Industries, Inc.  's violation of Rule 13a-1 of the Exchange Act (willfully/knowingly).
Jimmie Dean Jones, CPA  is alleged to have caused LSB Industries, Inc.  's violation of Rule 13a-1 of the Exchange Act.
Jimmie Dean Jones, CPA  is alleged to have aided and abetted LSB Industries, Inc.  's violation of Rule 13a-13 of the Exchange Act (willfully/knowingly).
Jimmie Dean Jones, CPA  is alleged to have caused LSB Industries, Inc.  's violation of Rule 13a-13 of the Exchange Act.
Jimmie Dean Jones, CPA  is alleged to have aided and abetted LSB Industries, Inc.  's violation of Sec 13(b)(2)(A) of the Exchange Act (willfully/knowingly).
Jimmie Dean Jones, CPA  is alleged to have caused LSB Industries, Inc.  's violation of Sec 13(b)(2)(A) of the Exchange Act.

Resolutions

First Resolution Date 17-Jul-2009

Related Documents:

34-60336 17-Jul-2009 Administrative Proceeding
Order Instituting Administrative and Cease-and-Desist Proceedings, Pursuant to Sections 4C and 21C of the Securities Exchange Act of 1934 and Rule 102(e) of the Commission's Rules of Practice, Making Findings and Imposing Remedial Sanctions and a Cease-and-Desist Order
On July 17, 2009, the SEC instituted settled administrative and cease-and-desist proceedings against LSB Industries, Inc. ("LSB") and Jimmie Dean Jones, CPA ("Jones"). According to the SEC: "These proceedings arise out of LSB's and Jones' failures to comply with Generally Accepted Accounting Principles ("GAAP") in connection with LSB's change in inventory pricing methodology from LIFO to FIFO."

Other Defendants in Action:

Jimmie Dean Jones, CPA