Ortego, Ben of Houston, TX

Under the automatic disciplinary provisions of the Institute’s bylaws, Mr. Ortego’s AICPA membership was suspended for three years, effective September 18, 2015, in connection with the disciplinary action taken by the Securities and Exchange Commission (SEC). Specifically, through an “Offer of Settlement”, and without admitting or denying the charges, the SEC denied Mr. Ortego the privilege of appearing or practicing before the Commission as an accountant with the right to apply for reinstatement after three years from the effective date of the SEC’s Order for willfully violating Sections 17(a)(2) and (3) of the Securities Act; engaging in improper professional conduct pursuant to Section 4C(a)(2) of the Exchange Act and Rule 102 (e)(1)(ii) of the Commission’s Rules of Practice; caused violations of Rule 2-02(b)(1) of Regulation S-X; and for willfully violating Sections 17(a)(2) and (3) of the Securities Act thereby engaging in conduct subject to Section 4C(a)(3) of the Exchange Act and Practice Rule 102(e)(1)(iii) of the Commission’s Rules of Practice.