UNITED STATES OF AMERICA

UNITED STATES OF AMERICA

Before the

SECURITIES AND EXCHANGE COMMISSION

SECURITIES EXCHANGE ACT OF 1934

Release No. 94979 / May 25, 2022

ADMINISTRATIVE PROCEEDING

File No. 3-16786

In the Matter of

BANKRATE, INC.,

Respondent.

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ORDER DIRECTING

DISBURSEMENT OF FAIR FUND

ADMINISTRATIVE PROCEEDING

File No. 3-16787

In the Matter of

HYUNJIN LERNER, CPA ,

Respondent.

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On August 28, 2020, the Commission 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 Keshia Ellis, United States

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Exchange Act Rel. No. 89711 (Aug 28, 2020).

17 C.F.R. § 201.1103.

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 October 15, 2020, the Secretary, 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 Claims Bar Date has passed and all timely submitted

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 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 $15,418,912.17 from the Fair Fund to the Fair

Fund’s escrow account at The Huntington National Bank for distribution by the Fund

Administrator to the eligible claimants in accordance with the Plan.

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See Order Approving Plan of Distribution, Exchange Act Rel. No. 90188 (Oct 15, 2020).

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Accordingly, it is hereby ORDERED, that Commission staff shall transfer

$15,418,912.17 from the Fair Fund to the Fair Fund’s escrow account at The Huntington

National Bank, and the Fund Administrator shall distribute such monies to the eligible claimants

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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17 C.F.R. § 200.30-4(a)(21)(v).

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