Before the

Securities Exchange Act of 1934
Release No. 34-61897 / April 13, 2010

Administrative Proceeding File No. 3-12678

In the Matter of

Haidar Capital Management, LLC, Haidar Capital Advisors, LLC, and Said N. Haidar



Notice of Proposed Plan of Distribution and Opportunity for Comment

Notice is hereby given, pursuant to Rule 1103 of the Securities and Exchange Commission's ("Commission") Rules on Fair Fund and Disgorgement Plans, 17 C.F.R. ยง201.1103, that the Division of Enforcement has filed with the Commission the proposed plan ("Distribution Plan") for the distribution of monies in In the Matter of Haidar Capital Management, LLC, et al. The Commission issued an Order Instituting Public Administrative and Cease-and-Desist Proceedings, Making Findings, and Imposing Remedial Sanctions and a Cease-and-Desist Order pursuant to Section 8A of the Securities Act of 1933, Sections 203(e) and (f) of the Investment Advisers Act of 1940, and Sections 9(b) and (d) of the Investment Company Act of 1940 as to the Respondents, Administrative Proceeding File No. 3-12678 on July 6, 2007 (Securities Act Rel. No. 8820) (the "Order").


Pursuant to this Notice, all interested parties are advised that they may obtain a copy of the Distribution Plan from the Commission's public website, http://www.sec.gov, or by submitting a written request to Stephen Webster, Assistant Regional Director, United States Securities and Exchange Commission, 801 Cherry Street, 19th Floor, Fort Worth, Texas, 76102. Further, all persons desiring to comment on the Distribution Plan may submit their comments, in writing, no later than thirty days from the date of this Notice:

  1. to the Office of the Secretary, United States Securities and Exchange Commission, 100 F Street, NE, Washington, DC 20549-1090;

  2. by using the Commission's Internet comment form (http://www.sec.gov/litigation/admin.shtml); or

  3. by sending an e-mail to rule-comments@sec.gov.

Comments submitted by email or via the Commission's website should include "Administrative Proceeding File Number 3-12678" in the subject line. Comments received will be available to the public. Persons should only submit information that they wish to make publicly available.


The Distribution Plan provides for distribution of disgorgement in the amount of $3,300,000, prejudgment interest in the amount of $1,180,000, and penalty in the amount of $100,000, paid by the Respondents. The proposed plan provides for distribution of the monies among the mutual funds that had marketing arrangements with the Respondents that are the subject of the Order during the period from April 2001 through September 2003; or, in the case of mutual funds that have been merged into other mutual funds, to their successors in interest. Accordingly, the funds are not being distributed according to a claims-made process.

By the Commission.

Elizabeth M. Murphy

See Also:   Proposed Distribution Plan

Last modified: 4/14/2010