# UNITED STATES OF AMERICA

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URL: https://www.frixlaw.com/law-library/documents/agency%3Asec%3A31cb455ae3cd5067

## 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. 96512 / December 15, 2022
ADMINISTRATIVE PROCEEDING
File No. 3-18897

In the Matter of
Paragon Coin, Inc.,
Respondent.

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ORDER DIRECTING
DISBURSEMENT OF FAIR FUND

On October 3, 2022, 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
Keshia Ellis, 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 December 1, 2022,

1
2

Exchange Act Rel. No. 95965 (Oct. 3, 2022).
17 C.F.R. § 201.1103.

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 Fund Administrator has compiled the payee information
and prepared a payment file in a Commission-approved format. The Commission staff has
reviewed and accepted the payment file and requests, pursuant to Rule 1101(b)(6) of the
Commission’s Rules on Fair Fund and Disgorgement Plans,4 that the Commission direct the
payment of $167,665.15 from the Fair Fund for distribution by the Fund Administrator to
harmed investors in accordance with the Plan.
Accordingly, it is hereby ORDERED that the Commission staff shall direct the payment
of $167,665.15 from the Fair Fund for distribution by the Fund Administrator to harmed
investors in accordance with the Plan.
For the Commission, by the Division of Enforcement, pursuant to delegated authority.5

Vanessa A. Countryman
Secretary

3

See Order Approving Distribution Plan, Exchange Act Rel. No. 96428 (Dec. 1, 2022).
17 C.F.R. § 201.1101(b)(6).
5
17 C.F.R. § 200.30-4(a)(21)(v).
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Source: Frix Law Library, https://www.frixlaw.com/law-library/documents/agency%3Asec%3A31cb455ae3cd5067. Public record. Not legal advice.