# UNITED STATES OF AMERICA

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URL: https://www.frixlaw.com/law-library/documents/agency%3Asec%3A032956a0bd20b82a

## Record

- **Collection:** Agency decision
- **Document type:** Agency decision

## Text

UNITED STATES OF AMERICA
Before the
SECURITIES AND EXCHANGE COMMISSION
SECURITIES EXCHANGE ACT OF 1934
Release No. 105092 / March 26, 2026
ADMINISTRATIVE PROCEEDING
File No. 3-21295
:
In the Matter of
:
:
Centaurus Financial, Inc., Ricky A. :
Mantel, and Atul Makharia,
:
:
Respondents.
:

ORDER DIRECTING DISBURSEMENT
OF FAIR FUND

On April 16, 2024, the Division of Enforcement, pursuant to delegated authority,
published a Notice of Proposed Plan of Distribution and Opportunity for Comment (“Notice”), 1
pursuant to Rule 1103 of the Commission’s Rules on Fair Fund and Disgorgement Plans
(“Commission’s Rules”); 2 and simultaneously posted the Proposed Plan of Distribution (the
“Proposed Plan”). The Notice advised interested persons that they could obtain a copy of the
Proposed Plan from the Commission’s public website or by submitting a written request to
Devon Brown, United States Securities and Exchange Commission, 100 F Street, NE,
Washington, DC 20549-5876. The Notice also advised that all persons desiring to comment on
the Proposed Plan could submit their comments, in writing, within 30 days of the Notice. The
Commission received no comments on the Proposed Plan during the comment period. On June

1
2

Exchange Act Rel. No. 99966 (Apr. 16, 2024).
17 C.F.R. § 201.1103.

PRIVILEGED AND CONFIDENTIAL
17, 2024, the Division of Enforcement, pursuant to delegated authority, issued an order
approving the Proposed Plan, 3 and posted the approved Plan of Distribution (the “Plan”).
The Plan provides for the distribution of the Fair Fund, plus accumulated interest, less
taxes, fees, and expenses, to the harmed investors according to the methodology set forth in the
Plan. In accordance with the Plan, the Certification Deadline Date has passed and all Final
Determination Notices have been mailed and responses received have been timely processed by
the Fund Administrator.
Pursuant to the Plan, the Fund Administrator has submitted a payment file to Commission
staff with a reasonable assurances letter as to the completeness and accuracy of the information
contained therein. The Commission staff has reviewed and accepted the payment file and
requests, pursuant to Rule 1101(b)(6) of the Commission’s Rules, 17 C.F.R. § 201.1101(b)(6),
that the Commission authorize the transfer of $72,268.46 from the Fair Fund to the Fair Fund’s
escrow account at Huntington National Bank for distribution by the Fund Administrator in
accordance with the Plan.
Accordingly, it is hereby ORDERED, that Commission staff shall transfer $72,268.46
from the Fair Fund to the Fair Fund’s escrow account at Huntington National Bank, and the Fund
Administrator shall distribute such monies to eligible investors in accordance with the Plan.

For the Commission, by the Division of Enforcement, pursuant to delegated authority. 4
Vanessa A. Countryman
Secretary

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4

See Corrected Order Approving Plan, Exchange Act Rel. No. 100360 (June 17, 2024).
17 C.F.R. § 200.30-4(a)(21)(v).

2

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Source: Frix Law Library, https://www.frixlaw.com/law-library/documents/agency%3Asec%3A032956a0bd20b82a. Public record. Not legal advice.