Defendant Name: Southwest Securities, Inc.

Defendant Type: Subsidiary of Public Company
Public Company Parent: SWS Group, Inc.
SIC Code: 6211
CUSIP: 78503N10

Document Reference: 34-61768

Document Details

Legal Case Name In the Matter of Southwest Securities, Inc.
Document Name Order Instituting Administrative and Cease-and-Desist Proceedings, Pursuant to Sections 15(b), 15B(c)(2) and 21C of the Securities Exchange Act of 1934, Making Findings, and Imposing Remedial Sanctions and a Cease-and-Desist Order
Document Date 24-Mar-2010
Document Format Administrative Proceeding
File Number 3-13831
Allegation Type Municipal Securities & Public Pensions
Document Summary On March 24, 2010, the SEC instituted a settled administrative proceeding against Southwest Securities, Inc. According to the SEC: "These proceedings involve violations of the law concerning political contributions and municipal securities business by Southwest, a broker-dealer and municipal securities dealer."

Disgorgement & Penalty Information

Cease and Desist Order
Remedial Acts or Efforts Before the Resolution
Monetary Penalties:


Individual:     $348,154.00 Shared:    

Civil Penalty

Individual:     $50,000.00 Shared:    

Pre-Judgment Interest

Individual:     $71,993.00 Shared:    

Related Actions:

In the Matter of John F. Kendrick