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SEC v KYLE WESTON Click to find out why . . .



Keywords & Phrases
CaseNo: LR-15382, CourtCode: DIS, CourtName: LTD., ET AL., UNITED STATES DISTRICT COURT FOR THE DISTRICT OF, Defendant: Kyle Weston, Plaintiff: SEC, State: WA Washington, UniqueCaseRef: SEC>LR-15382, Securities, Provisions, Violating, Enjoining, Til, Exchange Commission, Judgments, District, Respondent, Broker-dealer, Investment, Antifraud Provisions, Sales, Complaint, States District Court, Weston, Permanently Enjoining, Federal Securities Laws, Entry, Admitting, Alleges, United States District, Columbia, Civil Action, Barring, Dealer, Salesman, Denying, Future Violations , ContentID: 120242678

Case Documents
1 1997-06-10 SEC LITIGATION RELEASE
[ see first page and extracted highlights below  ] ItemID: 105772
2 pages
TXT
Total Documents: 1 document , 2 pages
Price: $ 19.95


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1 . SEC LITIGATION RELEASE

EXTRACTED KEY WORDS
PROVISIONS
VIOLATING
ENJOINING
TIL
EXCHANGE COMMISSION
JUDGMENTS
DISTRICT
RESPONDENT
BROKER-DEALER
INVESTMENT
ANTIFRAUD PROVISIONS
SALES
COMPLAINT
STATES DISTRICT COURT
WESTON
PERMANENTLY ENJOINING
FEDERAL SECURITIES LAWS
ENTRY
ADMITTING
ALLEGES
UNITED STATES DISTRICT
COLUMBIA
CIVIL ACTION
BARRING
DEALER
SALESMAN
DENYING
FUTURE VIOLATIONS
DEFENDANTS
==========================================START OF PAGE 1======

                SECURITIES AND EXCHANGE COMMISSION
                         Washington, D.C.

Litigation Release No. 15382 / June 10, 1997

SECURITIES AND EXCHANGE COMMISSION v. TECHNOLOGY INTERNATIONAL,
LTD., ET AL., United States District Court for the District of
Columbia, Civil Action No. 1:96CV00025 (D.D.C., January 11,
1996)(JR)

     The Securities and Exchange Commission today issued an
administrative order (the "Order") barring Kyle Weston (the
"Respondent") from association with any broker, dealer,
investment adviser, investment company or municipal securities
dealer.  In its Order, the Commission found that the Respondent,
a former securities salesman with Technology International, Ltd.
("TIL"), was permanently enjoined from violating the antifraud
provisions of the federal securities laws.  The Commission's
order also found that Respondent sold unregistered securities to
investors while acting as an unregistered broker-dealer and,
consequently, willfully violated Section 15(a) of the Exchange
Act.

     Weston consented to the entry of the Order without admitting
or denying the Commission's findings, but admitting to the entry
against him of a Final Judgment by the United States District
Court for the District of Columbia, on February 25, 1997,
permanently enjoining the Respondent from committing future
violations of the antifraud provisions of the federal securities
laws and the provisions barring sales of securities by
unregistered broker-dealers.  Final Judgments permanently
enjoining David Rockwell and Albert Weston, also former TIL
salesmen, from violating these provisions were also entered by
the Court on the same date.  In addition to the Judgments
described above, Final Judgments were entered against TIL
(February 28, 1997), enjoining the company from violating the
same provisions of the federal securities laws, as well as the
registration provisions of the Securities Act of 1933 and the
Exchange Act's periodic reporting requirements; TIL Chairman Neil
Garfield (September 5, 1996), enjoining him from future
violations of the registration, antifraud and broker-dealer
provisions; and TIL's former Chief Financial Officer B.J. Thomas
(March 11, 1997), who was enjoined from violating the antifraud
provisions.  The defendants consented to the entry of the Final
Judgments without admitting or denying the allegations contained
in the Commission's complaint in SEC v. Technology International,
SNIPPETS:
  • SECURITIES AND EXCHANGE COMMISSION
  • SECURITIES AND EXCHANGE COMMISSION v. TECHNOLOGY INTERNATIONAL, LTD., ET AL., United States
  • The Securities and Exchange Commission today issued an administrative order barring Kyle
  • In its Order, the Commission found that the Respondent, a former securities salesman with
  • The Commission's order also found that Respondent sold unregistered securities to investors
  • Weston consented to the entry of the Order without admitting or denying the Commission's
  • Final Judgments permanently enjoining David Rockwell and Albert Weston, also former TIL
  • The Commissions's complaint in Technology International, Ltd. alleged that the defendants
  • TIL, the complaint alleges, was a Florida-based shell company that, between 1992 and 1994,
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