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1
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SEC ADMINISTRATIVE PROCEEDING
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EXTRACTED KEY WORDS
SECURITIES RESPONDENT LYNCH EXCHANGE ACT BROKER-DEALER REMEDIAL SANCTIONS TRANSACTIONS VIOLATIONS CEASE PARKING CIVIL MONEY PENALTY PARKING SCHEME DEALER DISGORGEMENT PROCEEDING OIP FIRM MOTION DAVID HOUSTON OFFICE DIVISION REQUESTS TICKETS BONDS AMOUNT IMPOSING PURSUANT BOOKS TRADES INACCURATE THEREUNDER |
UNITED STATES OF AMERICA
Before the
SECURITIES AND EXCHANGE COMMISSION
SECURITIES ACT OF 1933
Release No. 8033 / November 14, 2001
SECURITIES EXCHANGE ACT OF 1934
Release No. 45052 / November 14, 2001
ADMINISTRATIVE PROCEEDING
File No. 3-9440
_________________________________________________________________
In the Matter of
KENT T. BLACK,
JOEL L. HURST,
DAVID E. LYNCH,
LARRY E. MULLER,
and ROBERT L. MCCOOK
_________________________________________________________________
ORDER MAKING FINDINGS AND
IMPOSING SANCTIONS BY DEFAULT
AGAINST DAVID E. LYNCH
This proceeding was initiated by the Securities and Exchange
Commission ("Commission") with an Order Instituting Administrative
Proceedings ("OIP") Pursuant to Section 8A of the Securities Act of
1933 ("Securities Act") and Sections 15(b), 19(h), and 21C of the
Securities Exchange Act of 1934 ("Exchange Act") on September 26,
1997. A prehearing conference was held on April 23, 1998, five days
before the scheduled hearing date for Respondents Lynch and McCook. At
the prehearing conference, counsel for Lynch disclosed Lynch's
intention to not attend the hearing or defend the proceeding against
him. Counsel for the Division of Enforcement ("Division") stated that
the Division would put on a prima facie case against Lynch and move
for a default. (Transcript of Prehearing Conference of April 23, 1998
at 98-99.)
The hearing as to Respondents Lynch and McCook took place on April 28
through 30, 1998. Neither Lynch nor his counsel appeared at the
hearing. The Division filed its Motion for an Order Making Findings,
Imposing Remedial Sanctions and a Cease and Desist Order Against David
E. Lynch by Default ("Default Motion") on May 14, 1998.
Pursuant to Rule 155(a) of the Commission's Rules of Practice, 17
SNIPPETS:
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