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In the Matter of Alexander S. Gould Admin. Proc. File No. 3-19965

Aug. 11, 2022

On September 8, 2020, the Commission instituted and simultaneously settled public administrative and cease-and-desist proceedings (the “Order”) against Alexander S. Gould (“Gould” or the “Respondent”). The Commission found that in 2018, Gould, an investment adviser to a private fund, diverted the funds’ money to pay for his personal expenses in violation of federal securities laws. The Commission ordered the Respondent to pay disgorgement of $476,033.19, prejudgment interest of $50,137.33, and civil penalties of $200,000.00. The Commission created a Fair Fund (the “Fair Fund”) pursuant to Section 308(a) of the Sarbanes-Oxley Act of 2002, so the penalties, along with the disgorgement and prejudgment interest could be distributed to the investors harmed by Gould’s violations as described in the Order. See the Commission’s Order: Release No. IA-5574

On September 8, 2020, the Commission also issued an order directing the disbursement of the funds received pursuant to the Order, less a reserve for taxes and administrative expenses to the investors harmed by the Respondent’s conduct described in the Order. The Commission further ordered that upon completion of the distribution to investors, if any amounts remain in the Fair Fund that are infeasible to return to investors, the remaining funds shall be transferred to the general fund of the U.S. Treasury. See the Commission’s Order: Release No. 34-89875.

For more information, please contact the Commission:

Office of Distributions

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