SEC CHARGES THOUGHT DEVELOPMENT, INC. AND OWNERS WITH SECURITIES REGISTRATION VIOLATIONS

FROM:  U.S. SECURITIES AND EXCHANGE COMMISSION 
SEC Charges Thought Development, Inc. and its Owner with Securities Registration Violations

The Securities and Exchange Commission filed a civil injunctive action on September 26, 2013, charging Thought Development, Inc. (TDI) and its founder and chairman Alan Amron with violations Sections 5(a) and 5(c) of the Securities Act of 1933 in connection with the offer and sale of unregistered TDI stock. Without admitting or denying the allegations, the defendants offered to settle all charges and agree to full injunctive relief, and as to Amron, the payment of a $10,000 civil penalty.

According to the SEC’s complaint, filed in the United States District Court for the Southern District of Florida, alleges that, between approximately October 2010 until at least February 2012, TDI and Amron directly, and through of an unaffiliated company, offered and or sold unregistered offerings of TDI to at least 90 investors located throughout the United States.

The complaint also alleges that no registration statement was filed or in effect with the Commission pursuant to the Securities Act with respect to TDI stock and no exemption from registration existed with respect to these securities. In addition, TDI and Amron sold stock to investors without inquiring or obtaining information as to whether they were qualified as accredited investors. Some of these investors were, in fact, unaccredited.

The SEC’s investigation, which is continuing, has been conducted by Kevin B. Hart and Fernando Torres in the Miami office, and supervised by Jason R. Berkowitz.