# UNITED STATES OF AMERICA

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URL: https://www.frixlaw.com/law-library/documents/agency%3Asec%3Af00c3b58efef9a9d

## 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. 92779 / August 27, 2021
ADMINISTRATIVE PROCEEDING
File No. 3-16098

In the Matter of
Wilmington Trust Corporation,
Respondent.

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ORDER DIRECTING
DISBURSEMENT OF
DISTRIBUTION FUND

On July 10, 2020, the Secretary, 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
The Notice advised interested persons that they could obtain a copy of the Proposed Plan of
Distribution (“Proposed Plan”) from the Commission’s public website or by submitting a written
request to Catherine E. Pappas, United States Securities and Exchange Commission, One Penn
Center, 1617 JFK Blvd., Ste. 520, Philadelphia, PA 19103. 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 September 3, 2020, the Secretary, pursuant to delegated
authority, issued an order approving the Proposed Plan,3 and posted the approved Plan of
Distribution (the “Plan”).

1

Exchange Act Rel. No. 89287 (July 10, 2020).
17 C.F.R. § 201.1103.
3
See Order Approving Plan of Distribution, Exchange Act Rel. No. 89758 (Sept. 3, 2020).
2

The Plan provides for the distribution of the Distribution 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 along with a
reasonable assurances letter. 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 $62,504,575.28 from the
Distribution Fund to the Distribution Fund’s escrow account at The Huntington National Bank
for distribution by the Fund Administrator to the eligible investors in accordance with the Plan.
Accordingly, it is hereby ORDERED, that Commission staff shall transfer
$62,504,575.28 from the Distribution Fund to the Distribution Fund’s escrow account at The
Huntington National Bank, and the Fund Administrator shall distribute such monies to the
eligible investors in accordance with the Plan.
For the Commission, by the Division of Enforcement, pursuant to delegated authority. 4

Vanessa A. Countryman
Secretary

4

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%3Af00c3b58efef9a9d. Public record. Not legal advice.