Litigation Release No. 21645 / September 10, 2010

Securities and Exchange Commission v. Thomas J. Dudchik, Civil Action No. 3:10-cv-1408-WWE (D. Conn. September 3, 2010)

On September 3, 2010, the Securities and Exchange Commission ("Commission") filed a Complaint for An Order Under Section 20(c) of the Securities Act of 1933 ("Securities Act") against Defendant Thomas J. Dudchik of East Haddam, Connecticut. The Complaint alleges that Dudchik failed to comply with the terms of a final order of the Commission issued on January 29, 2009 in In the Matter of Thomas J. Dudchik, Administrative Proceeding File No. 3-12943. The Commission's order found Dudchik in violation of the registration provisions of the federal securities laws in connection with his sales of stock in Stinger Systems, Inc. in November 2004, ordered him to cease and desist from further violations of Section 5 of the Securities Act, and ordered him to pay $50,000 in disgorgement and prejudgment interest. Dudchik has not paid any portion of the amount ordered by the Commission. The Commission's Complaint seeks an order from the U.S. District Court requiring Dudchik to comply with the terms of the Commission's order against him.

See Also: SEC Complaint


Last modified: 9/10/2010