Document ID: SEC-2020-1569-0001
Agency: sec
Document Type: Notice
Title: Intention to Cancel Registration Pursuant to Section 203(H) of the Investment Advisers ActOf 1940
Posted Date: 2020-10-06T04:00Z

[Federal Register Volume 85, Number 194 (Tuesday, October 6, 2020)]
[Notices]
[Page 63158]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-21989]

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SECURITIES AND EXCHANGE COMMISSION

[Release No. IA-5602]

Notice of Intention To Cancel Registration Pursuant to Section 
203(H) of The Investment Advisers Act of 1940

September 30, 2020.
    Notice is given that the Securities and Exchange Commission (the 
``Commission'') intends to issue an order, pursuant to Section 203(h) 
of the Investment Advisers Act of 1940 (the ``Act''), cancelling the 
registration of Sagent Wealth Management [File No. 801-69446], 
hereinafter referred to as the ``registrant.''
    Section 203(h) provides, in pertinent part, that if the Commission 
finds that any person registered under Section 203, or who has pending 
an application for registration filed under that section, is no longer 
in existence, is not engaged in business as an investment adviser, or 
is prohibited from registering as an investment adviser under section 
203A, the Commission shall by order, cancel the registration of such 
person.
    The registrant indicated on its most recent Form ADV filing that it 
does not have regulatory assets under management of at least $100 
million and is not eligible for registration with the Commission. 
Accordingly, the Commission believes that reasonable grounds exist for 
a finding that this registrant is no longer eligible to be registered 
with the Commission as an investment adviser and that the registration 
should be cancelled pursuant to section 203(h) of the Act.
    Notice is also given that any interested person may, by October 26, 
2020, at 5:30 p.m., submit to the Commission in writing a request for a 
hearing on the cancellation, accompanied by a statement as to the 
nature of his or her interest, the reason for such request, and the 
issues, if any, of fact or law proposed to be controverted, and he or 
she may request that he or she be notified if the Commission should 
order a hearing thereon. Any such communication should be emailed to 
the Commission's Secretary at Secretarys-Office@sec.gov.
    At any time after October 26, 2020, the Commission may issue an 
order cancelling the registration, upon the basis of the information 
stated above, unless an order for a hearing on the cancellation shall 
be issued upon request or upon the Commission's own motion. Persons who 
requested a hearing, or who requested to be advised as to whether a 
hearing is ordered, will receive any notices and orders issued in this 
matter, including the date of the hearing (if ordered) and any 
postponements thereof. Any adviser whose registration is cancelled 
under delegated authority may appeal that decision directly to the 
Commission in accordance with rules 430 and 431 of the Commission's 
rules of practice (17 CFR 201.430 and 431).

ADDRESSES: The Commission: Secretarys-Office@sec.gov.

FOR FURTHER INFORMATION CONTACT: Aaron Russ, Senior Counsel at 202-551-
5783; SEC, Division of Investment Management, Investment Adviser 
Regulation Office, 100 F Street NE, Washington, DC 20549-8549.

    For the Commission, by the Division of Investment Management, 
pursuant to delegated authority.\1\
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    \1\ 17 CFR 200.30-5(e)(2).
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J. Matthew DeLesDernier,
Assistant Secretary.
[FR Doc. 2020-21989 Filed 10-5-20; 8:45 am]
BILLING CODE 8011-01-P