Price, Scott C. of Indianapolis, IN

Under the automatic disciplinary provisions of the Institute’s bylaws, Mr. Price’s AICPA membership was suspended for one year, effective January 9, 2019, the date of the SEC’s disciplinary action. This action is based on the Order Instituting Public Administrative and Cease-and-Desist Proceedings Pursuant to Section 203(k) of the Investment Advisers Act of 1940, Section 4C of the Securities Exchange Act of 1934 and Rule 102(e) of the Commission’s Rules of Practice, Making Findings, and Imposing Remedial Sanctions and a Cease-and-Desist Order. Whereby, through an “Offer of Settlement”, and without admitting or denying the findings, the SEC censured Mr. Price and directed that he cease and desist from committing or causing any violations and any future violations of Section 206(4) of the Advisers Act and Rule 204-2, and that he pay a civil penalty in the amount of $15,000. Details regarding the SEC’s Order can be found on the SEC’s website.