Vogel, David L. of Randolph, NJ

March 2, 2020

Under the automatic disciplinary provisions of the Institute’s bylaws, Mr. Vogel’s AICPA membership was suspended for one year, effective June 14, 2019, the date of the SEC’s Order. This action is based on the disciplinary action taken by the Securities Exchange Commission (SEC). Whereby, through an “Offer of Settlement”, and without admitting or denying the findings, the SEC directed that Mr. Vogel cease and desist from committing or causing any violations and any future violations of Sections 13(a), 13(b)(2)(A) and 13(b)(2)(B) of the Exchange Act and Rules 12b-20, 13a-1, and 13b2-1 thereunder; and that he pay a civil penalty in the amount of $15,000. Details regarding the SEC’s disciplinary action can be found on the SEC’s website.