WASHINGTON -- Two officers of the defunct Swink & Co., have been charged with violating the anti-fraud provisions of the securities laws in connection with trades of Treasury securities made just before the Little Rock broker-dealer went into liquidation in late 1989, the Securities and Exchange Commission announced yesterday.

Jimmy Dale Swink Sr., the firm's former chairman, and Samuel C. Jolly, the firm's former manager of government trading, were charged in federal court in Little Rock on Tuesday with failing or refusing to pay for over $260 million of 30-year Treasury bonds they bought from four broker-dealers between Dec. 18 and 26, 1989, according to documents released by the SEC.

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