SEC: Cahill donor fined $10,000

The Securities and Exchange Commission says a Medfield man who helped earn participation in $14 billion of Massachusetts bond deals after raising money for state Treasurer and gubernatorial candidate Tim Cahill has agreed to pay a $10,000 penalty. 

The SEC said John Kendrick, a representative of Texas-based Southwest Securities Inc., donated $1,625 to Cahill's campaign between 2003 through 2008 and raised another $9,000 from other donors in violation of rules. The settlement was announced Thursday. 

Regulators said Southwest, with Kendrick's knowledge, participated as co-manager for 19 negotiated underwritings issued by Cahill totaling about $14 billion. 

A spokeswoman for Cahill's campaign says Kendrick's donations have been returned. Cahill is running as an independent. 

Kendrick's lawyer did not immediately return a message for comment.