UNITED STATES OF AMERICA

UNITED STATES OF AMERICA

Before the

SECURITIES AND EXCHANGE COMMISSION

SECURITIES EXCHANGE ACT OF 1934

Release No. 98939/ November 14, 2023

ADMINISTRATIVE PROCEEDING

File No. 3-19494

In the Matter of

HCR Wealth Advisors,

Respondent.

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ORDER DIRECTING

DISBURSEMENT OF FAIR FUND

On July 17, 2023, 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

Nancy Chase Burton, 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 September 15, 2023, the

1

2

Exchange Act Rel. No. 97921 (July 17, 2023).

17 C.F.R. § 201.1103.

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 a single harmed investor (the “Harmed Investor”) according to the

methodology set forth in the Plan. In accordance with the Plan, the Fund Administrator has sent

a Plan Notice to the Harmed Investor and received the Harmed Investor’s response to the Plan

Notice.

Pursuant to the Plan, the Fund Administer, a Commission employee, has compiled the

payee information and prepared a payment file in a Commission-approved format. The

Commission staff 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 $148,018.05 from the Fair

Fund for distribution in accordance with the Plan.

Accordingly, it is hereby ORDERED that the Commission staff shall direct the payment

of $148,018.05 from the Fair Fund for distribution 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 Plan of Distribution, Exchange Act Rel. No. 98408 (Sept. 15, 2023).

17 C.F.R. § 201.1101(b)(6).

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17 C.F.R. § 200.30-4(a)(21)(v).

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