Resource Development International, Inc., 3:02-CV-0605-R ( SEC v. On May 7, 2002, Lynds and Stock were permanently enjoined from violating Sections 5(a), 5(c), and 17(a) of the Securities Act of 1933 and Sections 10(b) and 15(a) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder, by the United States District Court for the Northern District of Texas (Dallas Division), SEC v. Starting in 1999 through March 2002, Lynds acted as an unregistered broker. During 1999, Stock was a registered representative associated with Cambridge Investment Research, Inc. From at least 1999 through at least March 2002, Lynds acted as an unregistered broker.įrom 1993 through 1999, Stock was a registered representative associated with A.G. From 1996 through July 1999, Lynds was a registered representative associated with Donnelly & Co. From 1992 through 1996, Lynds was a registered representative associated with A.G. § 201.155(a), and the Respondents' affirmative representations, I find the following allegations set out in the OIP to be true as to Respondents Stock and Lynds:įrom 1988 through 1991, Lynds was a registered representative associated with Avondale Securities Company. Pursuant to Rule 155(a) of the Commissions Rules of Practice, 17 C.F.R. Stock (Stock) and Kevin Lynds (Lynds) filed answers to the OIP on January 30, 2003.ĭuring the prehearing conference held on April 2, 2003, Respondents Stock and Lynds affirmatively stated that they intended to default, rather than participate further in the administrative proceeding. On April 10, 2003, the Division of Enforcement (Division) filed a motion for default against all Respondents (Motion). The Securities and Exchange Commission (Commission) initiated this proceeding on Januwith an Order Instituting Proceedings (OIP). SECURITIES AND EXCHANGE COMMISSION SECURITIES EXCHANGE ACT OF 1934 David Edwards, James Edwards, Kevin Lynds, and Gerald J.
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