Under the automatic disciplinary provisions of the Institute’s bylaws, effective December 8, 2011, Mr. Crawford was suspended from membership in the AICPA for three years, commencing September 21, 2011, which was the effective date of the Securities and Exchange Commission’s disciplinary action. Specifically, the SEC suspended Mr. Crawford from appearing or practicing before the Commission as an accountant with the right to apply for reinstatement after three years from the date of the SEC’s Order. This decision was based on the SEC’s allegations that Mr. Crawford violated the antifraud and reporting provisions of the federal securities laws in his role as the CFO and Executive Vice President of an SEC Registrant by: (1) failing to disclose the related-party status of the company that owned and published a catalogue, resulting in control of that catalogue, and failing to disclose the revenues obtained by virtue of the SEC Registrant’s former parent and its former CEO’s control of the prices in the catalogue for stamp collections that the SEC Registrant sold to its former parent; (2) falsely representing that the SEC Registrant sold its former parent company several large stamp archives at prices determined by reference to independent stamp catalogues and appraisals when in fact the SEC Registrant’s former CEO set the catalogue prices and influenced and edited the appraisals; and (3) improperly booking the sale of certain antiques.