Securities and Exchange Commission 2024 – Federal Register Recent Federal Regulation Documents

The Securities and Exchange Commission (``Commission'') is publishing this notice (``Notice'') pursuant to the Federal Civil Penalties Inflation Adjustment Act Improvements Act of 2015 (``2015 Act''). This Act requires all agencies to annually adjust for inflation the civil monetary penalties that can be imposed under the statutes administered by the agency and publish the adjusted amounts in the Federal Register. This Notice sets forth the annual inflation adjustment of the maximum amount of civil monetary penalties (``CMPs'') administered by the Commission under the Securities Act of 1933, the Securities Exchange Act of 1934 (``Exchange Act''), the Investment Company Act of 1940, the Investment Advisers Act of 1940, and certain penalties under the Sarbanes-Oxley Act of 2002. These amounts are effective beginning on January 15, 2024, and will apply to all penalties imposed after that date for violations of the aforementioned statutes that occurred after November 2, 2015.

Applicant, a closed-end investment company, seeks an order declaring that it has ceased to be an investment company. Applicant currently has 2 beneficial owners, is not presently making an offering of securities and does not propose to make any offering of securities. Applicant will continue to operate as a private investment fund in reliance on section 3(c)(1) of the Act. Filing Dates: The application was filed on September 20, 2023 and amended on November 30, 2023. Applicant's Address: 11911 Freedom Drive, Suite 730, Reston, Virginia 20190.