SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report:
(Date of earliest event reported)
January 14, 2013
SWS GROUP, INC.
(Exact name of registrant as specified in its charter)
1201 Elm Street, Suite 3500
Dallas, Texas 75270
(Address of principal executive offices and zip code)
(Registrants telephone number, including area code)
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the Registrant under any of the following provisions (see General Instruction A.2. below):
Item 8.01 Other Events.
On January 14, 2013, Southwest Securities, FSB (the Bank), a wholly-owned subsidiary of SWS Group, Inc. (Company), announced that the Office of the Comptroller of the Currency (OCC) had terminated the Order to Cease and Desist (Order) that the Bank entered into on February 4, 2011 with the Office of Thrift Supervision (OTS). The Order was administered by the OCC as the successor to the OTS. A copy of the press release is attached hereto as Exhibit 99.1.
The Bank will continue to remain subject to compliance with regulatory requirements including minimum capital ratios and liquidity requirements as well as adherence to its business plan regarding, among other things, growth of assets and expansion of products or services.
Item 9.01 Financial Statements and Exhibits.
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.