In the Matter of MiddleCove Capital, LLC, et al.
Admin Proc. File No. 3-14993

On January 16, 2013, the Commission settled proceedings that were instituted on August 22, 2012, against MiddleCove Capital, LLC (“MiddleCove’) and Noah L. Myers (“Myers”) (collectively, the “Respondents”). The Commission found that, from approximately October 2008 through February 2011, Meyers violated federal securities laws when he engaged in fraudulent trade allocation at MiddleCove. The Commission ordered the Respondents to pay a total of $788,118.00 in disgorgement, prejudgment interest, and civil money penalties. See the Commission’s order: Release No. 34-68669.

On June 28, 2013, the Commission filed a motion in the District Court of Connecticut requesting the Court enter a default judgment against the Respondents to enforce the terms of their settlement agreement. On July 11, 2013, the Court entered a default judgment against the Respondents. See Default Judgment.

As of March 20, 2017, the Respondents have paid a total of $37,491.02 into the Distribution Fund, and any future funds paid by the Respondents will be added to the Distribution Fund, for the distribution to harmed investors.

On August 2, 2017, the Commission issued an order appointing Miller Kaplan Arase LLP, as the Tax Administrator. See the Commission’s order: Release No. 34-81287.

For more information, please contact the Commission:

Office of Distributions