# UNITED STATES OF AMERICA

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URL: https://www.frixlaw.com/law-library/documents/agency%3Asec%3Ab3b08c93ef5b3da8

## 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. 96064 / October 13, 2022
ADMINISTRATIVE PROCEEDING
File No. 3-16877

In the Matter of
HOWARD RICHARDS,
Respondent.

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ORDER DIRECTING
DISBURSEMENT OF FAIR FUND

ADMINISTRATIVE PROCEEDING
File No. 3-16878
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In the Matter of
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JAMES GOODLAND AND SECURUS :
WEALTH MANAGEMENT, LLC ,
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Respondents.
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On November 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 Amy

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Exchange Act Rel. No. 93664 (Nov. 23, 2021).
17 C.F.R. § 201.1103.

Sumner, United States Securities and Exchange Commission, 1961 Stout Street, Suite 1700,
Denver, CO 80294. 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
January 13, 2022, 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.
Pursuant to the Plan, the Fund Administrator has submitted a payment file to 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, 17 C.F.R. § 201.1101(b)(6),
that the Commission authorize the transfer of $144,845.39 from the Fair Fund to the Fair Fund’s
escrow account at Alerus Financial, NA for distribution by the Fund Administrator to the eligible
claimant in accordance with the Plan.
Accordingly, it is hereby ORDERED, that Commission staff shall transfer $144,845.39
from the Fair Fund to the Fair Fund’s escrow account at Alerus Financial, NA, and the Fund
Administrator shall distribute such monies to the eligible claimant in accordance with the Plan.
For the Commission, by the Division of Enforcement, pursuant to delegated authority.4

Vanessa A. Countryman
Secretary

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See Exchange Act Rel. No. 93980 (Jan. 13, 2022).
17 C.F.R. § 200.30-4(a)(21)(v).

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Source: Frix Law Library, https://www.frixlaw.com/law-library/documents/agency%3Asec%3Ab3b08c93ef5b3da8. Public record. Not legal advice.