Document ID: SEC-2016-1340-0001
Agency: sec
Document Type: Notice
Title: Meetings; Sunshine Act
Posted Date: 2016-08-01T04:00Z

[Federal Register Volume 81, Number 147 (Monday, August 1, 2016)]
[Notices]
[Page 50588]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-18211]

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SECURITIES AND EXCHANGE COMMISSION

Sunshine Act Meeting

    Notice is hereby given, pursuant to the provisions of the 
Government in the Sunshine Act, Public Law 94-409, that the Securities 
and Exchange Commission will hold an Open Meeting on Wednesday, August 
3, 2016 at 2:00 p.m., in the Auditorium (L-002) at the Commission's 
headquarters building, to hear oral argument in an appeal from an 
initial decision of an administrative law judge by respondents Harding 
Advisory LLC and Wing F. Chau.
    On January 12, 2015, the ALJ found that Respondents Harding 
Advisory LLC, a registered investment adviser, and its principal, Wing 
F. Chau, violated antifraud provisions of the securities laws. 
Specifically, the ALJ found that Respondents had misrepresented the 
standard of care Harding would follow in selecting assets for various 
Harding-managed CDOs. For these violations, the ALJ ordered Harding and 
Chau to pay $1,003,216 in disgorgement and prejudgment interest, 
revoked Harding's investment adviser registration and ordered it to pay 
a $1.7 million civil penalty, and barred Chau from association with the 
securities industry and ordered him to pay a $340,000 civil penalty.
    Respondent appealed and the Division of Enforcement cross-appealed. 
The issues likely to be considered at oral argument include, among 
other things, whether Respondents violated the securities laws and, if 
so, what sanction, if any, are appropriate in the public interest.
    For further information, please contact Brent J. Fields from the 
Office of the Secretary at (202) 551-5400.

    Dated: July 27, 2016.
Lynn M. Powalski,
Deputy Secretary.
[FR Doc. 2016-18211 Filed 7-28-16; 11:15 am]
 BILLING CODE 8011-01-P