SEC Waives "Bad Actor" Disqualification and "Ineligible Issuer" Status of Three Advisor Firms

The SEC Division of Corporation Finance waived the disqualification of a firm that consists of three advisory firms (the "Advisory Firms") that arose due to the settlement of a previous SEC enforcement action. The SEC waived the Advisory Firms' (i) disqualification under the "bad actor" provisions of Rule 506(d) of Regulation D under the Securities Act and (ii) "ineligible issuer" status under Securities Act Rule 405.