U.S. SECURITIES AND EXCHANGE COMMISSION
Litigation Release No. 19200 /April 21, 2005
SECURITIES AND EXCHANGE COMMISSION V. KEVIN JAMES QUINN, CIV. ACTION NO. 1:05-cv-00393-JR (United States District Court for the District of Columbia) (Judge James Robertson)
KEVIN JAMES QUINN PRELIMINARILY ENJOINED FROM VIOLATING TWO SEC BAR ORDERS
The Securities and Exchange Commission ("Commission") announced that on March 16, 2005, United States District Judge James Robertson entered an order granting the Commission's motion to preliminarily enjoin Kevin James Quinn from violating two Commission orders: one, a 1999 order permanently suspending Quinn from appearing or practicing before the Commission, and the other, a 2000 order barring him from participating in an offering of penny stock. The preliminary injunction also bars Quinn from violating Section 15(b)(6)(B)(i) of the Securities Exchange Act of 1934 ("Exchange Act").
Quinn consented to the entry of the preliminary injunction. The preliminary injunction is in effect until a final adjudication on the merits of the action the Commission filed against Quinn on February 25, 2005.
The Commission's Complaint alleges that Quinn, a disbarred attorney, practiced before the Commission in violation of a 1999 Commission order by drafting and making filings on behalf of PHC Holdings, Bluetorch, Inc., and Cytation Corp., and also violated a penny stock bar imposed by the Commission in 2000, thereby violating Section 15(b)(6)(B)(i) of the Exchange Act. Lit. Rel. No. 19103, SEC v. Kevin James Quinn (February 28, 2005).
The Commission's investigation and litigation are continuing.