UNITED STATES OF AMERICA

UNITED STATES OF AMERICA

Before the

SECURITIES AND EXCHANGE COMMISSION

SECURITIES EXCHANGE ACT OF 1934

Release No. 102123 / January 6, 2025

ADMINISTRATIVE PROCEEDING

File No. 3-20526

:

In the Matter of

:

:

Frontier Wealth Management, LLC :

and Shawn Sokolosky,

:

:

Respondents.

:

ORDER DIRECTING DISBURSEMENT

OF FAIR FUND

On October 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

Jennifer Cardello, 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

1

2

Exchange Act Rel. No. 98762 (Oct. 17, 2023).

17 C.F.R. § 201.1103.

December 12, 2023, 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 authorize the

transfer of $430,494.73 from the Fair Fund to the escrow account at The Huntington National

Bank, N.A. for distribution in accordance with the Plan.

Accordingly, it is hereby ORDERED that the Commission staff transfer $430,494.73

from the Fair Fund to the escrow account at The Huntington National Bank, N.A. 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. 99145 (Dec. 12, 2023).

17 C.F.R. § 201.1101(b)(6).

5

17 C.F.R. § 200.30-4(a)(21)(v).

4

2