SEC v CD ALTERNATIVES, INC and CLYDE KEITH LAMONDA


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Keywords & Phrases

CaseNo: LR-15411, CourtCode: DIS, CourtName: A COMPLAINT IN THE UNITED STATES DISTRICT COURT FOR THE MIDDLE, Defendant: CD Alternatives, Inc and Clyde Keith LaMonda, Plaintiff: SEC, State: FL Florida, UniqueCaseRef: SEC>LR-15411, Securities, Commission, Lamonda, Complaint, Florida, Exchange, Investment, United States, Corporate Notes, Freeman Companies, Clyde Keith Lamonda, District, Broker-dealers, Alleges, Resident, Seminars, Insurance Agents, Sell, California, Safe, Act, Misconduct, Violations, Antifraud, Broker-dealer Registration Provisions, Requests, Defendants Disgorge, Ill-gotten Proceeds, Civil Monetary Penalties , ContentID: 120242649

Case Documents

1997-07-11

SEC LITIGATION RELEASE
[ see first page and extracted highlights below ] ItemID: 105743

2 pages
TXT

Total Documents: 1 document , 2 pages

Price: $ 19.95

IVESLCD01 KGI0001

1 . SEC LITIGATION RELEASE

EXTRACTED KEY WORDS

COMMISSION
LAMONDA
COMPLAINT
FLORIDA
DEFENDANTS
EXCHANGE
INVESTMENT
UNITED STATES
CORPORATE NOTES
FREEMAN COMPANIES
CLYDE KEITH LAMONDA
DISTRICT
BROKER-DEALERS
ALLEGES
RESIDENT
SEMINARS
INSURANCE AGENTS
SELL
CALIFORNIA
SAFE
ACT
MISCONDUCT
VIOLATIONS
ANTIFRAUD
BROKER-DEALER REGISTRATION PROVISIONS
REQUESTS
DEFENDANTS DISGORGE
ILL-GOTTEN PROCEEDS
CIVIL MONETARY PENALTIES






                   UNITED STATES SECURITIES AND EXCHANGE COMMISSION


     Litigation Release No.  15411 / July 11, 1997

     S.E.C. V. CLYDE KEITH LAMONDA and CD ALTERNATIVES, INC., Case No. 97
857-CIV-ORL-19 (M.D.
      Fla.)

            The Securities and Exchange Commission ( Commission ) announced
today the filing of
      a Complaint in the United States District Court for the Middle
District of Florida
      charging CD Alternatives, Inc., a Florida corporation ( CD
Alternatives ) and Clyde Keith
      LaMonda ( LaMonda ), its President and sole shareholder (collectively,
 Defendants ), with
      having made false statements concerning the safety of corporate notes.
 In addition, the
      Commission s Complaint charges that Defendants acted as broker-dealers
of securities while
      not registered with the Commission.  The Complaint alleges that
Defendants raised over
      $4,000,000 for the companies that issued the securities, and obtained
at least $89,000  in
      commissions on the sale of those securities.

            LaMonda is a resident of Altamonte Springs, Florida.  CD
Alternatives has offices in
      Winter Park, Florida. CD Alternatives is a successor corporation to
The C.D. Exchange
      Limited, Inc. ( CD Exchange ), a Florida corporation that has been
administratively
      dissolved by the State of Florida.

            According to the Complaint, from approximately March 1994 to May
1995, LaMonda and
      CD Alternatives held seminars at which they solicited insurance agents
to sell interest-
      bearing corporate notes issued by Direct Participation Services Inc.,
d/b/a Government
      Financial ( Government Financial ), a California business, and by
various companies

SNIPPETS:

UNITED STATES SECURITIES AND EXCHANGE COMMISSION

The Securities and Exchange Commission announced today the filing of a Complaint in the

the Commission s Complaint charges that Defendants acted as broker-dealers of securities

The Complaint alleges that Defendants raised over $4,000,000 for the companies that issued

LaMonda is a resident of Altamonte Springs,

According to the Complaint, from approximately March 1994 to May 1995, LaMonda and CD

LaMonda and CD Alternatives received a commission from Government Financial and from the

The Complaint further alleges that during their seminars, Defendants represented that the

The Commission seeks permanent injunctions against the Defendants, prohibiting further

The Complaint also requests that Defendants disgorge their ill-gotten proceeds and pay civil


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