This Disclosure Reporting Page is an INITIAL OR ĈAMENDED response

Check item(s) you are responding to:

Investigation

1. Notice Received From: (Name of Regulator, Agency, SRO, etc. Initiating the investigation):

3. Describe briefly the nature of the investigation, if known, or details of the resolution. (Your information must fit within the space provided.):

APPLICANT WAS NOTIFIED BY THE SEC THAT HE IS THE SUBJECT OF AN

INVESTIGATION IN CONNECTION WITH ALLEGED FAILURE TO SUPERVISE RESULTING IN ALLEGED VIOLATIONS OF REGULATION 1 AND RULE 10B-16

4. Date Resolved (MM/DD/YYYY):

Exact Explanation

If not exact, provide explanation:

MATTER IS STILL UNDER INVESTIGATION.