UNITED STATES OF AMERICA

before the

SECURITIES AND EXCHANGE COMMISSION

INVESTMENT ADVISERS ACT OF 1940

Release No. 6566 / March 4, 2024

Admin. Proc. File No. 3-21125

In the Matter of 

JACOB C. GLICK

ORDER GRANTING MOTION TO STAY

On September 22, 2022, the Securities and Exchange Commission issued an Order 

Instituting Proceedings against Jacob C. Glick, pursuant to Section 203(f) of the Investment 

Advisers Act of 1940.

1

 On February 28, 2024, the Division of Enforcement filed a motion 

representing that the parties had agreed in principle to a settlement and requesting a stay of the 

proceeding to finalize a settlement agreement. Although Rule of Practice 161(c)(2) governs such 

motions in administrative proceedings set before a hearing officer,2 it appears appropriate to 

apply similar standards for the granting of relief here.

3

Accordingly, it is ORDERED that the joint motion is GRANTED and that this 

proceeding is stayed. The stay is contingent on the submission to the Commission of Glick’s 

signed offer of settlement and the Division’s accompanying recommendation no later than 

May 3, 2024. If this deadline is not met or if the Commission rejects the offer of settlement, the 

parties shall file a joint status report within seven days of that event.

1 Jacob C. Glick, Advisers Act Release No. 6144, 2022 WL 4445453 (Sept. 22, 2022).

2 17 C.F.R. § 201.161(c)(2) (providing for stay on notice that parties “have agreed in 

principle to a settlement on all major terms”).

3 See Gregory Moats Simpson, Advisers Act Release No. 6512, 2023 WL 8829293 (Dec. 

21, 2023) (applying standard set forth in Rule 161(c)(2) to a motion to stay filed in a proceeding 

set before the Commission); Yao Lin, Exchange Act Release No. 97201, 2023 WL 2631029 

(Mar. 24, 2023) (same).
2

The parties’ attention is directed to the e-filing requirements in the Rules of Practice.

4

 

We also remind the parties that any document filed with the Commission must be served upon all 

participants in the proceeding and be accompanied by a certificate of service.5

For the Commission, by the Office of the General Counsel, pursuant to delegated 

authority.

Vanessa A. Countryman

Secretary

4 See Rules of Practice 151, 152(a), 17 C.F.R. §§ 201.151, .152(a) (providing procedure for 

filing papers with the Commission and mandating electronic filing in the form and manner 

posted on the Commission’s website); Instructions for Electronic Filing and Service of 

Documents in SEC Administrative Proceedings and Technical Specifications, 

https://www.sec.gov/efapdocs/instructions.pdf. Parties generally also must certify that they have 

redacted or omitted sensitive personal information from any filing. Rule of Practice 151(e), 

17 C.F.R. § 201.151(e).

5 See Rule of Practice 150, 17 C.F.R. § 201.150 (generally requiring parties to serve each 

other with their filings); Rule of Practice 151(d), 17 C.F.R. § 201.151(d) (“Papers filed with the 

Commission . . . shall be accompanied by a certificate stating the name of the person or persons 

served, the date of service, the method of service, and the mailing address or email address to 

which service was made, if not made in person.”).