# UNITED STATES OF AMERICA > Briefs, arguments, decisions, and more. URL: https://www.frixlaw.com/law-library/documents/agency%3Asec%3A8540a027bf79dab0 ## 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. 98417 / September 18, 2023 ADMINISTRATIVE PROCEEDING File No. 3-20092 In the Matter of Fiat Chrysler Automobiles N.V., Respondent. : : : : : : : ORDER DIRECTING DISBURSEMENT OF FAIR FUND On September 23, 2021, 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 David H. London, United States Securities and Exchange Commission, 33 Arch Street, 24th Floor, Boston, MA 02110. 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. 1 2 Exchange Act Rel. No. 93106 (Sept. 23, 2021). 17 C.F.R. § 201.1103. On November 23, 2021, 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 Exhibit A to the Plan. In accordance with the Plan, the Claims Bar Date has passed and all timely claims have been processed by the Fund Administrator. All investors whose claims have been denied, in whole or in part, have been notified and provided the opportunity to cure. Pursuant to the Plan, the Fund Administrator has compiled the Payee List4 in a Commission-approved format and provided the 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 on Fair Fund and Disgorgement Plans,5 that the Commission authorize the transfer of $563,603.36 from the Fair Fund to the Fair Fund’s escrow account at The Huntington National Bank N.A. in accordance with the Payee List for distribution by the Fund Administrator in accordance with the Plan. 3 See Order Approving Plan of Distribution, Exchange Act Rel. No. 93663 (Nov. 23, 2021). All capitalized terms used herein but not defined shall have the same meanings ascribed to them in the Plan. 5 17 C.F.R. § 201.1101(b)(6). 4 2 Accordingly, it is hereby ORDERED that the Commission staff shall transfer $563,603.36 from the Fair Fund to the Fair Fund’s escrow account at The Huntington National Bank N.A. in accordance with the Payee List, and the Fund Administrator shall distribute such monies in accordance with the Plan. For the Commission, by the Division of Enforcement, pursuant to delegated authority.6 Vanessa A. Countryman Secretary 6 17 C.F.R. § 200.30-4(a)(21)(v). 3 --- Source: Frix Law Library, https://www.frixlaw.com/law-library/documents/agency%3Asec%3A8540a027bf79dab0. Public record. Not legal advice.