Hesselgesser, Robert of Hamilton, OH

Under the automatic disciplinary provisions of the Institute’s bylaws, Mr. Hesselgesser’s AICPA membership was suspended for two years effective April 19, 2016, in connection with the disciplinary action taken by the Securities and Exchange Commission. Whereby, through an “Offer of Settlement”, and without admitting or denying the charges, the SEC denied Mr. Hesselgesser the privilege of appearing or practicing before the Commission as an accountant with the right to apply for reinstatement after two years from the effective date of the SEC’s Order for engaging in improper professional conduct within the meaning of Section 4C of the Exchange Act and Rule 102(e) (1)(iv)(B)(1)&(2) of the Commission’s Rules of Practice by engaging in a single instance of highly unreasonable conduct where heightened scrutiny was warranted, or alternatively, repeated instances of unreasonable conduct indicating a lack of competence to practice before the Commission in connection with the audit of a public company’s 2010 financial statements.