Toll, Craig – Pembroke Pines, FL

Under the automatic disciplinary provisions of the Institute’s bylaws, Mr. Toll’s AICPA membership was terminated, effective April 17, 2014, in connection with the disciplinary action taken by the Securities and Exchange Commission (SEC). Specifically, the SEC suspended Mr. Toll from appearing or practicing before the Commission as an accountant. This decision was based on the SEC’s allegations that in Mr. Toll’s position as CFO of a “Company”, he made misrepresentations and omissions to investors and prospective investors in the “Company” by creating financial statements falsely inflating the “Company’s cash and valuation, which Mr. Toll and the “Company’s CEO used to attract investors to the company.