With Howard Beber, Anthony Drenzek, Sean Hill, Robert Leonard, Michael Mavrides, Katharine Parker, Michael Suppappola, Christopher Wells
In an order dated June 14, 2016, the SEC adopted its prior proposal to increase the net worth threshold for "qualified clients" under Rule 205-3 of the Investment Advisers Act of 1940 (the Advisers Act) from $2 million to $2.1 million.