80 FR 45008 - Sunshine Act Meeting

SECURITIES AND EXCHANGE COMMISSION

Federal Register Volume 80, Issue 144 (July 28, 2015)

Page Range		45008-45008
FR Document		2015-18599

Federal Register, Volume 80 Issue 144 (Tuesday, July 28, 2015)

[Federal Register Volume 80, Number 144 (Tuesday, July 28, 2015)]
[Notices]
[Page 45008]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2015-18599]


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SECURITIES AND EXCHANGE COMMISSION


Sunshine Act Meeting

    Notice is hereby given, pursuant to the provisions of the 
Government in the Sunshine Act, Public Law 94-409, that the Securities 
and Exchange Commission will hold an Open Meeting on Friday, July 31, 
2015, at 1 p.m., in the Auditorium (L-002) at the Commission's 
headquarters building, to hear oral argument in an appeal by the 
Respondents Raymond J. Lucia Companies, Inc. (``RJLC'') and Raymond J. 
Lucia, Sr. (``Lucia''), and a cross-appeal by the Division of 
Enforcement, from an initial decision of an administrative law judge.
    On December 6, 2013, the law judge found that RJLC violated 
Sections 206(1), 206(2), and 206(4) of the Investment Advisers Act of 
1940 by misleading prospective clients about its Buckets of Money 
retirement wealth management strategy, and that Lucia aided and abetted 
and caused RJLC's violations. For these violations, the law judge 
barred Lucia from associating with an investment adviser, broker, or 
dealer; revoked RJLC's and Lucia's investment adviser registrations; 
ordered RJLC and Lucia to cease and desist from further violations of 
the Advisers Act; and imposed civil penalties of $250,000 on RJLC and 
$50,000 on Lucia. The law judge also found that RJLC did not violate, 
and Lucia did not aid and abet and cause a violation of, Advisers Act 
Rule 206(4)-1(a)(5) concerning fraudulent advertisements by investment 
advisers.
    The Respondents appealed the law judge's findings of violation and 
the sanctions imposed, and the Division cross-appealed the law judge's 
Rule 206(4)-1(a)(5) findings. The issues likely to be considered at 
oral argument include, among other things, whether Respondents violated 
the antifraud provisions as alleged and, if so, the extent to which 
they should be sanctioned for those violations.
    For further information, please contact the Office of the Secretary 
at (202) 551-5400.

     Dated: July 24, 2015.
Brent J. Fields,
Secretary.
[FR Doc. 2015-18599 Filed 7-24-15; 4:15 pm]
 BILLING CODE 8011-01-P

45008 Federal Register / Vol. 80, No. 144 / Tuesday, July 28, 2015 / Notices

IV. Solicitation of Comments For the Commission, by the Division of Dated: July 24, 2015.
Trading and Markets, pursuant to delegated Brent J. Fields,
Interested persons are invited to authority.10 Secretary.
submit written data, views, and Robert W. Errett, [FR Doc. 2015–18599 Filed 7–24–15; 4:15 pm]
arguments concerning the foregoing, Deputy Secretary. BILLING CODE 8011–01–P
including whether the proposed rule [FR Doc. 2015–18538 Filed 7–27–15; 8:45 am]
change is consistent with the Act. BILLING CODE P
Comments may be submitted by any of SECURITIES AND EXCHANGE
the following methods: COMMISSION
SECURITIES AND EXCHANGE
Electronic Comments COMMISSION Sunshine Act Meeting
• Use the Commission’s Internet Notice is hereby given, pursuant to
Sunshine Act Meeting
comment form (http://www.sec.gov/ the provisions of the Government in the
rules/sro.shtml); or Notice is hereby given, pursuant to Sunshine Act, Public Law 94–409, that
• Send an email to rule-comments@ the provisions of the Government in the the Securities and Exchange
sec.gov. Please include File Number SR– Sunshine Act, Public Law 94–409, that Commission will hold a Closed Meeting
C2–2015–018 on the subject line. the Securities and Exchange on Thursday, July 30, 2015 at 2 p.m.
Commission will hold an Open Meeting Commissioners, Counsel to the
Paper Comments on Friday, July 31, 2015, at 1 p.m., in Commissioners, the Secretary to the
the Auditorium (L–002) at the Commission, and recording secretaries
• Send paper comments in triplicate will attend the Closed Meeting. Certain
Commission’s headquarters building, to
to Brent J. Fields, Secretary, Securities hear oral argument in an appeal by the staff members who have an interest in
and Exchange Commission, 100 F Street Respondents Raymond J. Lucia the matters also may be present.
NE., Washington, DC 20549–1090. Companies, Inc. (‘‘RJLC’’) and Raymond The General Counsel of the
All submissions should refer to File J. Lucia, Sr. (‘‘Lucia’’), and a cross- Commission, or her designee, has
Number SR–C2–2015–018. This file appeal by the Division of Enforcement, certified that, in her opinion, one or
number should be included on the from an initial decision of an more of the exemptions set forth in 5
administrative law judge. U.S.C. 552b(c)(3), (5), (7), 9(B) and (10)
subject line if email is used. To help the
On December 6, 2013, the law judge and 17 CFR 200.402(a)(3), (a)(5), (a)(7),
Commission process and review your
found that RJLC violated Sections (9)(ii) and (a)(10), permit consideration
comments more efficiently, please use
206(1), 206(2), and 206(4) of the of the scheduled matter at the Closed
only one method. The Commission will Meeting.
post all comments on the Commission’s Investment Advisers Act of 1940 by
misleading prospective clients about its Commissioner Piwowar, as duty
Internet Web site (http://www.sec.gov/ officer, voted to consider the items
rules/sro.shtml). Copies of the Buckets of Money retirement wealth
management strategy, and that Lucia listed for the Closed Meeting in closed
submission, all subsequent session.
amendments, all written statements aided and abetted and caused RJLC’s
The subject matter of the Closed
violations. For these violations, the law
with respect to the proposed rule Meeting will be:
judge barred Lucia from associating Institution and settlement of
change that are filed with the
with an investment adviser, broker, or injunctive actions;
Commission, and all written
dealer; revoked RJLC’s and Lucia’s Institution and settlement of
communications relating to the investment adviser registrations;
proposed rule change between the administrative proceedings; and
ordered RJLC and Lucia to cease and Other matters relating to enforcement
Commission and any person, other than desist from further violations of the
those that may be withheld from the proceedings.
Advisers Act; and imposed civil At times, changes in Commission
public in accordance with the penalties of $250,000 on RJLC and priorities require alterations in the
provisions of 5 U.S.C. 552, will be $50,000 on Lucia. The law judge also scheduling of meeting items.
available for Web site viewing and found that RJLC did not violate, and For further information and to
printing in the Commission’s Public Lucia did not aid and abet and cause a ascertain what, if any, matters have been
Reference Room, 100 F Street NE., violation of, Advisers Act Rule 206(4)– added, deleted or postponed, please
Washington, DC 20549 on official 1(a)(5) concerning fraudulent contact the Office of the Secretary at
business days between the hours of advertisements by investment advisers. (202) 551–5400.
10:00 a.m. and 3:00 p.m. Copies of such The Respondents appealed the law Dated: July 23, 2015.
filing also will be available for judge’s findings of violation and the Brent J. Fields,
inspection and copying at the principal sanctions imposed, and the Division
Secretary.
office of the Exchange. All comments cross-appealed the law judge’s Rule
[FR Doc. 2015–18571 Filed 7–24–15; 11:15 am]
received will be posted without change; 206(4)–1(a)(5) findings. The issues
the Commission does not edit personal likely to be considered at oral argument BILLING CODE 8011–01–P

identifying information from include, among other things, whether
submissions. You should submit only Respondents violated the antifraud
asabaliauskas on DSK5VPTVN1PROD with NOTICES

information that you wish to make provisions as alleged and, if so, the SMALL BUSINESS ADMINISTRATION
available publicly. All submissions extent to which they should be [Disaster Declaration #14330 and #14331]
should refer to File Number SR–C2– sanctioned for those violations.
2015–018, and should be submitted on For further information, please Oklahoma Disaster Number OK–00092
or before August 18, 2015. contact the Office of the Secretary at AGENCY: U.S. Small Business
(202) 551–5400. Administration.
10 17
ACTION: Amendment 8.
CFR 200.30–3(a)(12).

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Document Created: 2018-02-23 09:28:53
Document Modified: 2018-02-23 09:28:53

Category		Regulatory Information
Collection		Federal Register
sudoc Class		AE 2.7: GS 4.107: AE 2.106:
Publisher		Office of the Federal Register, National Archives and Records Administration
Section		Notices
FR Citation		80 FR 45008