SEC reprimands Homestyle Buffet founder

Nation's Restaurant News, August 30, 1993

WASHINGTON -- The Securities and Exchange Commission has reprimanded Dermot F. Rowland, founder of Homestyle Buffet Inc., for making seven late disclosures of insider securities trades totaling more than $3.2 million.

In an administrative proceeding, the SEC said Rowland's filings were anywhere from under a week late to over three and a half years tardy. Rowland made all of the late filings between June 10, 1988, and Feb. 15, 1991, the SEC said.

Rowland, who has served as president, chairman and director of the Palm Harbor, Fla.-based company, consented to the SEC's cease-and-desist order.