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1
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SEC ADMINISTRATIVE PROCEEDING
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EXTRACTED KEY WORDS
ADVISERS ACT COMMISSION PROCEEDING INVESTMENT ADVISERS EXCHANGE INSTITUTING ADMINISTRATIVE PROCEEDING TIMOTHY RESPONDENT HEREBY PORTFOLIO MANAGER NACM DISTRICT ALLEGES ACCOUNTS THEREUNDER VIOLATIONS UNITED STATES SECURITIES PROCEEDING PURSUANT MAKING FINDINGS REMEDIAL SANCTIONS JUDGEMENT PERMANENT HEAD TRADER COMPLAINT FRAUDULENT ALLOCATIONS PERSONAL ACCOUNTS CLIENT |
UNITED STATES OF AMERICA
Before the
SECURITIES AND EXCHANGE COMMISSION
INVESTMENT ADVISERS ACT OF 1940
Release No. 1882 / June 20, 2000
ADMINISTRATIVE PROCEEDING
File No. 3-10237
In the Matter of
TIMOTHY J. LYONS,
Respondent.
ORDER INSTITUTING PUBLIC
ADMINISTRATIVE
PROCEEDING PURSUANT TO
SECTION 203(f) OF THE
INVESTMENT ADVISERS ACT
OF 1940, MAKING FINDINGS
AND IMPOSING REMEDIAL
SANCTIONS
I.
The Securities and Exchange Commission ("Commission") deems it
appropriate and in the public interest to institute a public
administrative proceeding pursuant to Section 203(f) of the Investment
Advisers Act of 1940 ("Advisers Act") against Timothy J. Lyons
("Lyons").
Accordingly, IT IS HEREBY ORDERED that said proceeding be, and hereby
is, instituted.
II.
In anticipation of the institution of this proceeding, Lyons has
submitted an Offer of Settlement ("Offer") which the Commission has
determined to accept. Solely for the purpose of this proceeding and
any other proceeding brought by or on behalf of the Commission or in
which the Commission is a party, and without admitting or denying the
findings contained in this Order, except that Respondent admits the
jurisdiction of the Commission over him and over the subject matter of
this proceeding and admits the entry of the judgment of permanent
injunction set forth in paragraph III.C., Respondent consents to the
entry of this Order Instituting Public Administrative Proceeding
Pursuant To Section 203(f) Of The Investment Advisers Act Of 1940,
Making Findings And Imposing Remedial Sanctions ("Order").
SNIPPETS:
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