77 FR 207 pgs. 65234-65237 - Notice of Intention To Cancel Registrations of Certain Investment Advisers Pursuant to the Investment Advisers Act of 1940
Type: NOTICEVolume: 77Number: 207Pages: 65234 - 65237
Docket number: [Release No. IA-3490; October 19, 2012]
FR document: [FR Doc. 2012-26234 Filed 10-24-12; 8:45 am]
Agency: Securities and Exchange Commission
Official PDF Version: PDF Version
SECURITIES AND EXCHANGE COMMISSION
[Release No. IA-3490; October 19, 2012]
Notice of Intention To Cancel Registrations of Certain Investment Advisers Pursuant to the Investment Advisers Act of 1940
Notice is given that the Securities and Exchange Commission (the "Commission") intends to issue an order or orders, pursuant to Section 203(h) of the Investment Advisers Act of 1940 (the "Act"), cancelling the registrations of the investment advisers whose names appear in the attached Appendix, hereinafter referred to as the registrants.
Background
On July 21, 2010, President Obama signed into law the Dodd-Frank Wall Street Reform and Consumer Protection Act ("Dodd-Frank Act") which, among other things, amended certain provisions of the Act.1These amendments included provisions that delegate generally to the states regulatory responsibility over certain mid-sized advisers-i.e., those that have between $25 million and $100 million of assets under management.2These provisions and related rule amendments required a significant number of advisers registered with the Commission to withdraw their registrations with the Commission and to switch to registration with one or more state securities authorities.3
Footnotes:
1 Dodd-Frank Wall Street Reform and Consumer Protection Act, Public Law 111-203, 124 Stat. 1376 (2010).
2 See section 410 of the Dodd-Frank Act; 15 U.S.C. 80b-3a.
3 For example, section 410 of the Dodd-Frank Act required mid-sized advisers to register with the states: (i) if the adviser is required to be registered as an investment adviser with the securities commissioner of the state in which it maintains its principal office and place of business; and (ii) if registered with that state, the adviser would be subject to examination as an investment adviser by that securities commissioner. 15 U.S.C. 80b-3a(a)(2). The Commission also amended certain exemptions from the prohibition on Commission registration that were previously adopted under section 203A of the Act. See 17 CFR 275.203a-2.
To implement the division of regulatory responsibility mandated by the Dodd-Frank Act, the Commission adopted rule 203A-5 under the Act.4Rule 203A-5 required each investment adviser registered with the Commission to file an amended Form ADV in the first quarter of 2012 indicating whether it remained eligible for registration by the Commission. The rule also extended until June 28, 2012 the deadline for advisers no longer eligible for Commission registration to register with the states and withdraw registration with the Commission.5In conjunction with adopting rule 203A-5 and other rules to implement the Dodd-Frank Act, the Commission stated that it expected to cancel the registration of advisers no longer eligible to register with the Commission that failed to file an amendment or withdraw their registrations in accordance with rule 203A-5.6
Footnotes:
4 17 CFR 275.203a-5.
5 See 17 CFR 275.203a-5(b), (c).
6 Rules Implementing Amendments to the Investment Advisers Act of 1940, Investment Advisers Act Rel. No. 3221, at 15 (Jun. 22, 2012) [76 FR 42950, 42953-42954 (Jul. 19, 2011)].
Discussion
Section 203(h) of the Act provides, in pertinent part, that if the Commission finds that any person registered under Section 203, or who has pending an application for registration filed under that section, is no longer in existence, is not engaged in business as an investment adviser, or is prohibited from registering as an investment adviser under section 203A, the Commission shall by order, cancel the registration of such person.7
Footnotes:
7 15 U.S.C. 80b-3(h).
Commission staff, in coordination with state securities regulators, contacted SEC-registered investment advisers before and after the filing deadlines to remind them of their filing obligations under rule 203A-5 and to withdraw from Commission registration by filing Form ADV-W if no longer eligible. The registrants listed in the Appendix either have not filed a Form ADV amendment with the Commission in 2012, or have indicated on Form ADV that they are no longer eligible to remain registered with the Commission as investment advisers but have not filed Form ADV-W to withdraw their registration. Accordingly, the Commission believes that reasonable grounds exist for a finding that these registrants are no longer in existence, are not engaged in business as investment advisers, or are prohibited from registering as investment advisers under section 203A, and that their registrations should be cancelled pursuant to section 203(h) of the Act.
Any registrant listed in the Appendix that wishes to file a Form ADV amendment indicating that it is eligible for registration or a Form ADV-W to withdraw its registration with the Commission may do so by December 17, 2012. The registrations of registrants whose amended Form ADVs are received by the Commission by December 17, 2012 will not be cancelled, and the registrations of registrants that file Form ADV-W will be withdrawn and will not be cancelled by a Commission order or orders. For more information or for questions about the inclusion of a registrant on this list, contact: Jennifer Porter, Senior Counsel or Melissa Roverts, Branch Chief at (202) 551-6787 (Division of Investment Management, Office of Investment Adviser Regulation).
Notice is also given that any interested person may, by December 17, 2012, at 5:30 p.m., submit to the Commission in writing a request for a hearing on the cancellation of a registrant, accompanied by a statement as to the nature of his interest, the reason for such request, and the issues, if any, of fact or law proposed to be controverted, and he may request that he be notified if the Commission should order a hearing thereon. Any such communication should be addressed: Secretary, Securities and Exchange Commission, 100 F Street NE., Washington, DC 20549.
At any time after December 17, 2012, the Commission may issue an order or orders cancelling the registrations of any or all of the registrants listed in the Appendix, upon the basis of the information stated above, unless an order or orders for a hearing on the cancellation shall be issued upon request or upon the Commission's own motion. Persons who requested a hearing, or to be advised as to whether a hearing is ordered, will receive any notices and orders issued in this matter, including the date of the hearing (if ordered) and any postponements thereof.
By the Commission.
Elizabeth M. Murphy,
Secretary.
Appendix
801-6857012 METER MANAGEMENT, LP
801-729553SISTERS SUSTAINABLE MANAGEMENT, LLC
801-71854ACCESS GLOBAL ADVISORS
801-70973ADVANCED FINANCIAL SOLUTIONS, INC.
801-71094AFC ASSET MANAGEMENT SERVICES, INC.
801-67660ALDUS CAPITAL, LLC
801-71247ALDWYCH CAPITAL PARTNERS, LLC
801-71312ALLIANCE CONSULTING, LLC
801-39288ALPHA CAPITAL MANAGEMENT INC
801-69679ALPHA VISTA ADVISORS LLC
801-63858ALPINE CAPITAL MANAGEMENT, LLC
801-63029AM INVESTMENT PARTNERS LLC
801-67985AMERICAN PEGASUS LDG, LLC
801-66956AMOEBA CAPITAL PARTNERS PTE. LTD.
801-58279AMUSSEN, HUNSAKER & ASSOCIATES INCORPORATED
801-72517ANCHOR INVESTMENT PARTNERS LLC
801-74690ANVIL CAPITAL ADVISORS, LLC
801-69544APELLES INVESTMENT MANAGEMENT, LP
801-72622ARCHETYPE ADVISORS, LLC
801-70395ARTIENCE CAPITAL MANAGEMENT, LLC
801-70301ASSET MANAGEMENT STRATEGIES, LLC
801-69874ASSOCIATED PROFESSIONAL INVESTMENTS, LLC
801-69463ATHENA ASSET MANAGEMENT & RESEARCH, LLC
801-72293BAG SECURITIES, LLC
801-72112BAOCHUAN CAPITAL MANAGEMENT, LLC
801-62938BARRINGTON ASSET MANAGEMENT, INC.
801-60288BEACON CAPITAL MANAGEMENT LIMITED
801-61433BERKSHIRE ADVISORS, INC.
801-72146BETA CAPITAL MANAGEMENT LLC
801-71757BEYOND CAPITAL FINANCIAL MANAGEMENT GROUP, INC.
801-69391BILTMORE INVESTMENT MANAGEMENT, LLC
801-56997BISCAYNE ADVISORS, INC.
801-67617BLACK KNIGHT ASSET MANAGEMENT
801-71729BOLI FUND MANAGEMENT, LLC
801-14429BOWMAN FINANCIAL MANAGEMENT CO INC
801-72221BOYD INVESTMENT MANAGEMENT, LLC
801-68519BRADLEY WEALTH MANAGEMENT, LLC
801-63049BRICOLEUR CAPITAL MANAGEMENT, LLC
801-69628BRIGHTON WEALTH MANAGEMENT, INC.
801-65969BROADSTREET CAPITAL PARTNERS, LP
801-63011BROADWATER CAPITAL MANAGEMENT LLC
801-70514BRYN MAWR FINANCIAL, LLC
801-67201BURR & COMPANY, LLC
801-68809C.S. ANDERSON FINANCIAL SERVICES, INC
801-65805C2 ASSET MANAGEMENT L.L.C.
801-70179CABAL CAPITAL MANAGEMENT, LLC
801-70320CACHE EQUITY LLC
801-30978CAMBRIDGE FINANCIAL SERVICES, LTD
801-55780CAMERON, MURPHY & SPANGLER, INC.
801-51319CANNON TINGEY INVESTMENT ADVISORS INC
801-69502CAPITAL CITY INVESTMENT MANAGEMENT COMPANY, INC.
801-37116CAPITAL MANAGEMENT CORP OF THE NORTHEAST
801-69804CAPITAL STRATEGIES FINANCIAL CORPORATION
801-68390CAPSTONE CAPITAL GROUP
801-69331CARLTON WEALTH MANAGEMENT LLC
801-66142CARMICHAEL STRATEGIES LLC
801-71599CARRINGTON STRATEGIC ADVISORS, LLC
801-65962CASTLESTONE MANAGEMENT LLC
801-67329CENTURION INVESTMENT PARTNERS, LLC
801-72550CENTURY CITY CAPITAL MANAGEMENT, LLC
801-69779CHELSEA MORGAN ADVISORS LLC
801-68372CHESTER CAPITAL MANAGEMENT, LLC
801-57162CHEVY CHASE ASSET MANAGEMENT LLC
801-64167CHRONIM INVESTMENTS INC.
801-68715CLEARPATH WEALTH MANAGEMENT, LLC
801-70840CLOSED-END FUND ADVISORS INC.
801-68833COAST WEALTH MANAGEMENT, INC.
801-68548CONCORD ATLANTIC, INC.
801-34934CONSTITUTION RESEARCH & MANAGEMENT INC
801-61705COPLEY SQUARE CAPITAL MANAGEMENT, LLC
801-41021CORDILLERA ASSET MANAGEMENT
801-63182CORNERSTONE CAPITAL MANAGEMENT
801-55989CREDICORP SECURITIES INC
801-69969CREMAC ASSET MANAGEMENT, LLC
801-63124CURTIS WEALTH MANAGEMENT GROUP, LLC
801-70413D LITTLE, L.L.C.
801-56278DANIEL FRISHBERG FINANCIAL SERVICES, INC.
801-72077DB2 INVESTMENT ADVISORY SERVICES INC.
801-42306DILMUN INVESTMENTS, INC
801-67499DISCOVERY FINANCIAL GROUP, LLC
801-56038DIVELEY LIND & ASSOCIATES LLC
801-70505DJM WEALTH STRATEGIES, LLC
801-60809DKR CAPITAL PARTNERS L.P.
801-66443DKR FUSION MANAGEMENT L.P.
801-72443DODD, ANDREW JAMES
801-70325DOUBLE ALPHA GROUP LLC
801-72304DOWNEY CAPITAL MANAGEMENT, INC.
801-68820DUNCAN-WILLIAMS, INC.
801-65704DURHAM ASSET MANAGEMENT L.L.C.
801-57802DYNAMIC WEALTH MANAGEMENT
801-68994EAGLEEYE ASSET MANAGEMENT, LLC
801-62482EFFICIENT PORTFOLIO CONSULTANTS, LLC
801-68115EMPIRE INVESTING GROUP, LLC
801-57005EMPIRE INVESTMENT ADVISORS INC
801-65038ERISEY WEALTH MANAGEMENT LLC
801-63668EVOLUTION CAPITAL STRATEGIES LLC
801-61152EXECUTIVE ASSET MANAGEMENT, INC.
801-60991FAIRSON MANAGEMENT LIMITED
801-64720FIDUCIARY MANAGEMENT GROUP, LLC
801-71217FILIPINOFUNDS INVESTMENT MANAGEMENT, LLC
801-68836FINANCIAL LEGACY ASSOCIATES, LLC
801-24481FIRST INVESTMENT CORPORATION
801-36095FLAGSHIP CAPITAL MANAGEMENT INC
801-69662FLATFEEADVISORS.COM, INC.
801-66649FORESIGHT ASSET MANAGEMENT, LLC
801-69724FORT CAPITAL MANAGEMENT, LLC
801-63002FOSTER INVESTMENT CONSULTING LLC
801-56788FOUNDING PARTNERS CAPITAL MANAGEMENT COMPANY
801-61582FPC SERVICES, INCORPORATED
801-69648FUTURE VALUE CONSULTANTS LIMITED
801-45317GANUCHEAU CAPITAL MANAGEMENT, INC.
801-19290GARLIKOV ADVISORS INC
801-65627GDG ASSET MANAGEMENT LIMITED
801-66112GELLER & LEHMANN, LLC
801-72754GILDED ADVISORS LLC
801-69546GLANZ, DANIEL
801-74448GLOBAL EVOLUTION USA, LLC
801-69333GLOBAL PLUS+ INVESTMENT MANAGEMENT, LLC
801-72227GLOBAL PORTFOLIO MANAGEMENT, LTD.
801-60090GOLD COAST SECURITIES, INC.
801-74628GOLDENGROVE LLC
801-62648GOODSTEIN & ASSOCIATES, LLC
801-72960GOSLIN III, ALBERT ERNEST
801-71624GRANT PARK CAPITAL PARTNERS, LLC
801-71579GRAVITY CAPITAL PARTNERS, LLC
801-67236GRAYBEARD CAPITAL, LLC
801-69383GREENWICH CREEK CAPITAL MANAGEMENT, LLC
801-66346GUALARIO & CO., LLC
801-66823GUNDERSON CAPITAL MANAGEMENT INC.
801-47199HANSEN, BRIAN BENNETT
801-69429HATTINGH, DIEDERIK JOHANNES
801-53254HAVELL CAPITAL MANAGEMENT LLC
801-69963HELIOS INVESTMENTS INC
801-68598HEPWORTH EQUITY PARTNERS, LLC
801-66435HIGHVIEW POINT PARTNERS, LLC
801-72056HILL CAPITAL MANAGEMENT LLC
801-69123HILL-TOWNSEND CAPITAL, LLC
801-68714HOLMAN INVESTMENTS AND PLANNING, LLC
801-67355HOLTER, WILLIAM LATIMER
801-70767HORIZON FUNDS MANAGEMENT, LLC
801-71677HORIZONS WEST CAPITAL PARTNERS, LLC
801-67009HRJ CAPITAL, L.L.C.
801-71614INNOVATUM CAPITAL PARTNERS, LLC
801-70807INSTITUTIONAL BULLION INVESTMENT ADVISORS, LLC
801-67273INVESTMENT SECURITY GROUP, LLC
801-69098IRVINGTON CAPITAL LLC
801-51879J A GIBBONS LLC
801-64391JADIS INVESTMENTS LLC
801-68063JDM FINANCIAL GROUP LLC
801-66648JENNINGS INVESTMENT ADVISORS, LLC
801-66895JERMYN CAPITAL (SINGAPORE) PTE. LTD.
801-71822JIM POE AND ASSOCIATES INC.
801-71814JOBES SOLO INVESTMENT GROUP, LLC
801-66643JOHN R. FIESTA, LLC
801-57979JOHN SHAW NOTMAN
801-45453JUMPER GROUP INC
801-66884K.K. JERMYN CAPITAL
801-72005KAJO INVESTMENTS, LLC
801-67024KENNEDY WEALTH MANAGEMENT GROUP LTD.
801-69948KLARAOS, LLC
801-42331KOCH ASSET MANAGEMENT LLC
801-69365KURTIN FINANCIAL ADVISERS, LLC
801-69343L&P FINANCIAL TRUSTEES LTD
801-73035LANCELOT CAPITAL LIMITED
801-63887LANPHIER CAPITAL MANAGEMENT, INC.
801-68524LEXINGTON INVESTMENT COUNSEL, LLC
801-70312LIGHTHOUSE CAPITAL PARTNERS, LLC
801-56394LITCHFIELD & NELSON, INC
801-56364LITTLEFIELD ASSET MGMT. INC.
801-49599LONGWOOD INVESTMENT ADVISORS INC
801-37592M. D. FALK & COMPANY, INC.
801-66388MACARTHURCOOK INVESTMENT MANAGERS LIMITED
801-74815MADISONLEE PARTNERS, LLC
801-71939MANAIA CAPITAL MANAGEMENT, INC.
801-45332MAPLE LEAF INVESTMENT MANAGEMENT INC
801-71070MARKS THERIOT WALSTON & COMPANY, INC.
801-55125MARSDEN CAPITAL MANAGEMENT, LLC.
801-67908MARTINELLI DISCENZA INVESTMENT COUNSEL, INC.
801-60658MCW ADVISORS
801-63100MEREDITH PORTFOLIO MANAGEMENT INC.
801-63422MERIDIAN ASSET MANAGEMENT LLC
801-70666MG SULLIVAN, LLC
801-69605MICOUD INVESTMENTS LIMITED
801-66328MIRAMAR ASSET MANAGEMENT, LLC
801-57042MOHAWK ASSET MANAGEMENT INC
801-71711MONTGOMERY ASSET MANAGEMENT, LLC
801-42907NANCY ABRAMS & ASSOCIATES, INC.
801-69301NEF ADVISORS, LLC
801-72732NEMAN FINANCIAL, INC.
801-64824NEXCORE FINANCIAL SERVICES, INCORPORATED
801-72628NEXTGEN FAMILY OFFICE, LLC
801-65128NIGHTWATCH CAPITAL ADVISORS, LLC
801-68540NJR INVESTMENT ADVISORY, INC.
801-69484NORTH POINT ADVISORS
801-50288NORTHSTAR CAPITAL INC
801-65702OLYMPIUS CAPITAL, L.P.
801-23421OMICRON GROUP LTD
801-71953ONYX INVESTMENT ADVISORS
801-67259ORACLE FINANCIAL SERVICES, LLC
801-68545OSAGE ENERGY PARTNERS, L.P.
801-71098OUTSTANDING VALUE FINANCIAL MANAGEMENT, LLC
801-65021PACIFIC FINANCIAL ADVISORS, INC.
801-65166PARK PLACE CAPITAL LIMITED
801-60542PATRICK LLOYD BECKER
801-34567PCA REAL ESTATE ADVISORS, INC.
801-66276PELION INVESTMENT ADVISORS, INC.
801-65099PEMIGEWASSET CAPITAL LLC
801-66759PENSION PERFORMANCE ADVISORS, INC.
801-63878PERMANENT VALUE INC.
801-72260PINACULO LLC
801-70132PLACE, BRYAN, MCNEILL
801-68161PRESIDIUM PARTNERS, LLC
801-14186PROFESSIONAL INVESTMENT COUNSEL, INC
801-71591PROSAPIA CAPITAL MANAGEMENT, LLC
801-62787QUANTEL ASSOCIATES, INC.
801-63842QUANTUM FAMILY OFFICE GROUP, LLC
801-68872QUANTUM WEALTH MANAGEMENT LLC
801-70459RANDY MEYER INVESTMENT MANAGEMENT, LLC
801-72606RFG ADVISORY GROUP, LLC
801-44866RICH INVESTMENTS INC
801-57081RINCON PACIFIC MANAGEMENT INC
801-64933RIOUX & COMPANY, LLC
801-68439RIVERSEDGE CONVERTIBLE PORTFOLIO ADVISORS, LLC
801-70387ROSE & SKY INVESTMENTS (CAYMAN) LTD
801-62387RUBY CORPORATION
801-44751RULAPAUGH STANLEY EUGENE
801-72770RUTHERFORD, GARY LEE
801-60566RYAN CAPITAL ADVISORS, LLC
801-72680S BROWN AND ASSOCIATES, LLC
801-70230SACHS INVESTMENT GROUP, LLC
801-69730SANCTUARY WEALTH MANAGEMENT, LLC
801-26861SANDER CAPITAL ADVISORS, INC.
801-51254SCEPTRE INVESTMENT COUNSEL LIMITED
801-58027SCHELLER FINANCIAL SERVICES INC.
801-70944SEDGEFIELD CAPITAL MANAGEMENT, LLC
801-71779SELECT ASSET MANAGEMENT, LLC
801-64724SENTINEL WEALTH ADVISORS, LLC
801-63183SFM, LLC
801-16175SHEA JOHN A INVESTMENT ADVISOR
801-39915SK GROUP, INC
801-33087SMITH WILLIAM BRUCE
801-64817SMITH, THURMAN LEONARD
801-70455SOUTHPORT ASSET MANAGEMENT
801-61272SOVEREIGN INTERNATIONAL ASSET MANAGEMENT, INC.
801-70589SOVEREIGN PRIVATE WEALTH, INC.
801-67746STATE CAPITAL WEALTH MANAGEMENT INC
801-25597STEINE & GOOCH CO INC
801-66434STEPHEN M. GROSS, INC.
801-47378STEPHEN P. MOULTON & ASSOCIATES, LTD.
801-24483STERLING JOHNSTON CAPITAL MANAGEMENT, L.P.
801-69491STRANBERG CAPITAL LLC
801-36025STRATEGIS FINANCIAL GROUP, INC
801-74213TANDRAGEE GLOBAL ADVISORS, LLC
801-53568TBIG FINANCIAL SERVICES INC
801-28191THE CARMACK GROUP, INC.
801-68698THE COLOMA GROUP, L.LC.
801-54184THE DELANCEY CAPITAL GROUP, LP
801-64694THE OXFORD PRIVATE CLIENT GROUP, LLC
801-36203THE SPANGLER GROUP, INC.
801-71205THE UNIVERSITY FUNDS, LLC
801-66115THOMSON FINANCIAL ADVISORS LLC.
801-62975THUNDERSTORM CAPITAL LLC
801-47405TONG ROBERT WAI
801-65028TRIBUTARY CAPITAL MANAGEMENT., LLC
801-72696TRILLION CAPITAL, LLC
801-69905TRIVELLONI ASSET MANAGEMENT, LLC
801-67142TWEDDELL GOLDBERG LLC
801-61159UNIVEST INVESTMENTS, INC.
801-64165USF SERVICES, LLC
801-71511VANTAGE POINT ADVISORS, LLC
801-42685VARN INVESTMENT COUNSEL INC
801-39326VIRGINIA CAPITAL MANAGEMENT GROUP INC
801-60397W.WALL AND COMPANY, INC.
801-63137WALRUS PARTNERS, LLC
801-67403WASHINGTON CORNER CAPITAL MANAGEMENT, LP
801-62780WATERS CAPITAL ADVISERS, LLC
801-63026WATERVILLE INVESTMENTS, INC.
801-74505WEALTH FOCUS RESOURCES, LLC
801-69539WEALTH LTD
801-54769WEALTH MANAGEMENT LLC
801-62294WELLS, CANNING & ASSOCIATES INC.
801-48199WENDEL ANDREW MARTIN
801-40981WEST ELLIS INVESTMENT MANAGEMENT INC
801-71961WEST RIDGE REALTY ADVISORS LLC
801-19899WESTRIDGE CAPITAL MANAGEMENT INC
801-64673WFP SECURITIES CORPORATION
801-37177WHB WOLVERINE ASSET MANAGEMENT INC
801-72403WICKER PARK ADVISORS, LLC
801-16393WILLIAMSON & SNEED INCORPORATED
801-67795WILSHIRE-PENNINGTON GROUP, INC.
801-12695WITTER WILLIAM D INC
801-69064WORLDWIDE ASSET MANAGEMENT GROUP, LLC
801-70899WYNNCORR CAPITAL MANAGEMENT, LLC
[FR Doc. 2012-26234 Filed 10-24-12; 8:45 am]
BILLING CODE 8011-01-P