# UNITED STATES OF AMERICA

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URL: https://www.frixlaw.com/law-library/documents/agency%3Asec%3A77aba8975e160e19

## 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. 104277 / December 1, 2025
ADMINISTRATIVE PROCEEDING
File No. 3-21836
In the Matter of
Claire P. Shaughnessy,
Respondent.

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SECOND ORDER EXTENDING TIME
TO ENTER AN ORDER APPROVING OR
DISAPPROVING PLAN OF
DISTRIBUTION

ADMINISTRATIVE PROCEEDING
File No. 3-21837
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In the Matter of
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Aon Investments USA, Inc. fka
Aon Hewitt Investment Consulting, :
Inc.,
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Respondent.
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On March 25, 2025, pursuant to Rule 1103 of the United States Securities and Exchange
Commission’s (“Commission”) Rules on Fair Fund and Disgorgement Plans (the “Commission’s
Rules”), 17 C.F.R.§ 201.1103, the Commission published a Notice of Proposed Plan of
Distribution and Opportunity to Comment 1 for the distribution of monies collected pursuant to

1

Exchange Act Rel. No. 102730 (Mar. 25, 2025).

the Orders 2 in the above-captioned matters. The Notice invited public comment on the proposed
plan of distribution (the “Proposed Plan”) through April 24, 2025, and the Commission received
a public comment (the “Comment”).
Rule 1104 of the Commission’s Rules, 17 C.F.R. § 201.1104, provides in relevant part,
“[t]he order approving or disapproving the plan should be entered within 30 days after the end of
the final period allowed for comments on the proposed plan unless the Commission or the
hearing officer, by written order, allows a longer period for good cause shown.”
On May 23, 2025, the Secretary, pursuant to delegated authority, issued an order
extending the time to enter an order approving or disapproving the Proposed Plan until
December 1, 2025. 3
The Division states additional time is needed to present its recommendation to the
Commission regarding the Comments and the Proposed Plan, and therefore, good cause has been
shown to enter an order extending time to approve or disapprove the Proposed Plan until March
31, 2026.

Order Instituting Administrative and Cease-and-Desist Proceedings, Pursuant to Sections 203(f) and 203(k) of the
Investment Advisers Act of 1940, Making Findings, and Imposing Remedial Sanctions and a Cease-and-Desist
Order, Advisers Act Rel. No. 6535 (Jan. 25, 2024), (Admin. Proc. File No. 3-21836); Corrected Order Instituting
Administrative and Cease-and-Desist Proceedings, Pursuant to Sections 203(e) and 203(k) of the Investment
Advisers Act of 1940, Making Findings, and Imposing Remedial Sanctions and a Cease-and-Desist Order, Advisers
Act Rel. No. 6536 (Jan. 25, 2024), (Admin. Proc. File No. 3-21837) (collectively, the “Orders”).
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Exchange Act Rel. No. 103122 (May 23, 2025).
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Accordingly, IT IS ORDERED that pursuant to Rule 1104 of the Commission’s Rules, 4
for good cause shown, the time for entering an order approving or disapproving the Proposed
Plan is extended to March 31, 2026.
For the Commission, by the Division of Enforcement, pursuant to delegated authority. 5

Vanessa A. Countryman
Secretary

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17 C.F.R. § 201.1104.
17 C.F.R. § 200.30-4(a)(21)(i).

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Source: Frix Law Library, https://www.frixlaw.com/law-library/documents/agency%3Asec%3A77aba8975e160e19. Public record. Not legal advice.