0001611606-23-000002.txt : 20231109
0001611606-23-000002.hdr.sgml : 20231109
20231109103248
ACCESSION NUMBER: 0001611606-23-000002
CONFORMED SUBMISSION TYPE: MA-I/A
PUBLIC DOCUMENT COUNT: 1
MA-I INDIVIDUAL: CARTER,DOUGLAS,EDSEL,
FILED AS OF DATE: 20231106
DATE AS OF CHANGE: 20231109
FILER:
COMPANY DATA:
COMPANY CONFORMED NAME: DEC Associates Inc
CENTRAL INDEX KEY: 0001611606
IRS NUMBER: 201959956
STATE OF INCORPORATION: NC
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: MA-I/A
SEC ACT: 1934 Act
SEC FILE NUMBER: 868-02117
FILM NUMBER: 231390602
BUSINESS ADDRESS:
STREET 1: 2133 SOUTHEND DRIVE UNIT 306
CITY: CHARLOTTE
STATE: NC
ZIP: 28203
BUSINESS PHONE: 7043347478
MAIL ADDRESS:
STREET 1: 2133 SOUTHEND DRIVE UNIT 306
CITY: CHARLOTTE
STATE: NC
ZIP: 28203
MA-I/A
1
primary_doc.xml
MA-I/A
0001611606
XXXXXXXX
Andrew Carter
704-334-7478
acarter@decassociatesinc.com
acarter@decassociatesinc.com
acastillo@alternativereg.com
N
0001611606-21-000002
N
Douglas
Edsel
Carter
N
1
0001611606
DEC Associates Inc
12-02-2004
N
867-00299
LOCATED
SUPERVISED
12-02-2004
2133 SOUTHEND DRIVE UNIT 306
CHARLOTTE
NC
28203
12-2004
DEC Associates Inc.
Charlotte
NC
28203
Y
N
President & Managing Director
10-2002
12-2004
Stearne Agee
Birmingham
AL
35209
Y
N
Managing Director
Y
02-2023
Chapel Watch Homeowners Association
534 North Church
Charlotte
NC
28202
N
N
Condominium Homeowners Association, Conducts Business for the Association
Treasurer
10
Works with the annual budget of the Association and monitors the monthly financial statements and serves as a member of the Board of Directors of the Association
N
N
N
N
N
N
N
N
N
Y
N
Y
Y
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
N
11-06-2023
Kimberly McManus
President, Alternative Regulatory Solutions LLC
This matter arises out of two municipal bond refunding transactions by the Commonwealth of Pennsylvania in 1994 (referred to jointly as the "Pennsylvania Refundings"). In each of the refundings, Alex. Brown sold United States Treasury securities to the Commonwealth to fund defeasance escrows. Carter did not participate in the first refunding, but was the lead Alex. Brown banker on the second refunding. Carter knew or should have known that Alex. Brown had overcharged the Commonwealth for the escrow securities on the first refunding, and he failed to disclose this fact to the Commonwealth. In anticipation of the institution of these proceedings, Carter has submitted an offer of settlement, which the Commission has determined to accept. Solely for the purpose of these proceedings and any other proceeding brought by or on behalf of the Commission or in which the Commission is a party, and prior to a hearing pursuant to the Commission's Rules of Practice and Procedure, Carter, without admitting or denying the findings contained herein, except that he admits to the jurisdiction of the Commission over him and over the subject matter of these proceedings, consents to the entry of the findings, the institution of the cease-and-desist order, and the imposition of the remedial sanctions.
6C(2)
6C(4)
6C(5)
Cease and Desist
Censure
CivilAdminPenaltyFine
11-17-1999
SEC Administrative Proceedings
3-10099
450 5th Street NW
Washington
DC
20001
Alex Brown and Sons
Direct Investment(s) - DPP & LP Interest(s)
This matter arises out of two municipal bond refunding transactions by the Commonwealth of Pennsylvania in 1994 (referred to jointly as the "Pennsylvania Refundings"). In each of the refundings, Alex. Brown sold United States Treasury securities to the Commonwealth to fund defeasance escrows. Carter did not participate in the first refunding, but was the lead Alex. Brown banker on the second refunding. Carter knew or should have known that Alex. Brown had overcharged the Commonwealth for the escrow securities on the first refunding, and he failed to disclose this fact to the Commonwealth.
Cease and Desist
Censure
CivilAdminPenaltyFine
35000.00
35000.00
35000.00
35000.00
11-17-1999
Settled
11-17-1999