# UNITED STATES OF AMERICA

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URL: https://www.frixlaw.com/law-library/documents/agency%3Asec%3A9fd04f22657ce158

## 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. 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

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Source: Frix Law Library, https://www.frixlaw.com/law-library/documents/agency%3Asec%3A9fd04f22657ce158. Public record. Not legal advice.