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What is the role of the Independent Distribution Consultant?

April 26, 2017consultant distribution independent

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What is the role of the Independent Distribution Consultant?

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The role of the Independent Distribution Consultant is to develop a Distribution Plan for the distribution of the $25 million settlement, plus interest and monies from other Fair Fund settlements, provided for in the SEC Order. The Distribution Plan includes: • An explanation of the methodology used to calculate the payments to eligible accountholders; • The procedures for locating eligible accountholders, and; • The procedures for distributing the settlement proceeds and interest to eligible accountholders. The Distribution Plan can be viewed online by accessing the SEC website using the Links and Related Documents page of this website.