In the Matter of Clayborne Group, LLC Admin. Proc. File No. 3-18423
Sept. 1, 2022
On April 5, 2018, the Commission instituted and simultaneously settled administrative and cease-and-desist proceeding (the “Order”) against Clayborne Group, LLC (“Clayborne”) and its owner, Dean A. Heinemann (collectively, the “Respondents”). In the Order, the Commission found that from 2012 through 2016, Clayborne violated the federal securities laws with improper registration with the Commission as an investment adviser, as well as violating the Commission’s rule concerning the custody of advisory client assets and recordkeeping rules that apply to investment advisers. The Commission ordered, and Heinemann has paid a $20,000 civil penalty. In the Order, the Commission also created a Fair Fund (the “Fair Fund”), pursuant to Section 308(a) of the Sarbanes-Oxley Act of 2002, so the penalty can be distributed to those investors harmed by the Respondent’s conduct described in the Order. See the Commission’s Order: Release No. IA-4875.
On May 30, 2019, the Commission issued an order directing the disbursement of the Fair Fund to six eligible investors as detailed therein and ordering any residual funds after the payment of taxes to the U.S. Treasury. See the Commission’s Order: Release No. 34-85968.
For more information, please contact the Commission:
Office of Distributions