In consideration of the AICPA foregoing a full investigation of his alleged misconduct, Mr. Grossman entered into a settlement agreement under the Joint Ethics Enforcement Program effective December 11, 2012. Under the settlement agreement, Mr. Grossman was admonished by the AICPA pursuant to a settlement entered into with the New Jersey State Board of Accountancy (“Board”) related to his failure to comply with the Board’s continuing professional education requirements for the period January 1, 2006 through December 31, 2008.