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
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
Resolutions
Cease and Desist Order
Remedial Acts or Efforts Before the Resolution
Monetary Penalties:
Disgorgement
Individual:
$348,154.00
Shared:
Civil Penalty
Individual:
$50,000.00
Shared:
Pre-Judgment Interest
Individual:
$71,993.00
Shared:
