Notice2023-28212
Notice of Intention To Cancel Registration Pursuant to the Investment Advisers Act of 1940
Primary source
Metadata and text below are from the Federal Register, a public-domain U.S. government work. Always verify the official published version before relying on it for any legal matter.
Published
December 22, 2023
Issuing agencies
Securities and Exchange Commission
Full Text
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<title>Federal Register, Volume 88 Issue 245 (Friday, December 22, 2023)</title>
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[Federal Register Volume 88, Number 245 (Friday, December 22, 2023)]
[Notices]
[Page 88693]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2023-28212]
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SECURITIES AND EXCHANGE COMMISSION
[Release No. IA-6507]
Notice of Intention To Cancel Registration Pursuant to the
Investment Advisers Act of 1940
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 Vista Financial Advisors, LLC File No. 801-122832,
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
is a large advisory firm that has regulatory assets under management of
$100 million or more.\1\ The Commission believes, based on the facts it
has, that the registrant did not at the time of the Form ADV filing,
and does not currently, maintain the required assets under management
to remain registered with the Commission, nor does it appear eligible
to register with the Commission pursuant to any other provision of the
Advisers Act. 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.
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\1\ Section 203A of the Act generally prohibits an investment
adviser from registering with the Commission unless it meets certain
requirements. See Advisers Act section 203A(a); 17 CFR 275.203A-2.
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Notice is also given that any interested person may, by January 12,
2024, 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 <a href="/cdn-cgi/l/email-protection#80d3e5e3f2e5f4e1f2f9f3adcfe6e6e9e3e5c0f3e5e3aee7eff6"><span class="__cf_email__" data-cfemail="a3f0c6c0d1c6d7c2d1dad08eecc5c5cac0c6e3d0c6c08dc4ccd5">[email protected]</span></a>.
At any time after January 12, 2024, 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: <a href="/cdn-cgi/l/email-protection#91c2f4f2e3f4e5f0e3e8e2bcdef7f7f8f2f4d1e2f4f2bff6fee7"><span class="__cf_email__" data-cfemail="5506303627302134272c26781a33333c3630152630367b323a23">[email protected]</span></a>.
FOR FURTHER INFORMATION CONTACT: Asaf Barouk, Senior Counsel at 202-
551-6999; SEC, Division of Investment Management, Office of Chief
Counsel, 100 F Street NE, Washington, DC 20549-8549.
For the Commission, by the Division of Investment Management,
pursuant to delegated authority.\2\
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\2\ 17 CFR 200.30-5(e)(2).
Dated: December 18, 2023.
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2023-28212 Filed 12-21-23; 8:45 am]
BILLING CODE 8011-01-P
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