# UNITED STATES OF AMERICA

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URL: https://www.frixlaw.com/law-library/documents/agency%3Asec%3A397fc32f9f87cf93

## 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. 100527 / July 12, 2024
ADMINISTRATIVE PROCEEDING
File No. 3-19334

In the Matter of
MVP Manager LLC,
Respondent.

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ORDER DIRECTING DISBURSEMENT
OF FAIR FUND

On January 24, 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 (the
“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 David
H. London, United States Securities and Exchange Commission, 33 Arch Street, 24th Floor,
Boston, MA 02110-1424. 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 March 24, 2022, the Division of Enforcement, pursuant to delegated authority, issued

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Exchange Act Rel. No. 94035 (Jan 24, 2022).
17 C.F.R. § 201.1103.

an order approving the Proposed Plan, as modified,3 and posted the approved Modified Plan of
Distribution (the “Plan”).4
The Plan provides for the distribution of the Fair Fund, plus accumulated interest, less
taxes, fees, and expenses, to 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,5 that the Commission direct the
payment of $119,453.00 from the Fair Fund for distribution by the Fund Administrator in
accordance with the Plan.
Accordingly, it is hereby ORDERED that the Commission staff shall direct the payment
of $119,453.00 from the Fair Fund for distribution in accordance with the Plan.
For the Commission, by the Division of Enforcement, pursuant to delegated authority.6

Vanessa A. Countryman
Secretary

3

See Order Approving Modified Plan of Distribution, Exchange Act Rel. No. 94510 (Mar. 24, 2022).
The Proposed Plan was modified to reflect staffing changes, naming Sondra Panahi as the Fund Administrator.
5
17 C.F.R. § 201.1101(b)(6).
6
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%3A397fc32f9f87cf93. Public record. Not legal advice.