Defendant Name: Apple REIT Six, Inc.

Defendant Type: Subsidiary of Public Company
Public Company Parent: The Blackstone Group L.P.
SIC Code: 6282
CUSIP: 09253U10

Initial Case Details

Legal Case Name In the Matter of Apple REIT Six, Inc.; Apple REIT Seven, Inc.; Apple REIT Eight, Inc.; Apple REIT Nine, Inc.; Apple Six Advisors, Inc.; Apple Seven Advisors, Inc.; Apple Eight Advisors, Inc.; Apple Nine Advisors, Inc.; Glade M. Knight; and Bryan F. Peery, CPA
First Document Date 12-Feb-2014
Initial Filing Format Administrative Action
File Number 3-15750
Allegation Type Issuer Reporting and Disclosure
AAER 3535

Violations Alleged

Exchange Act
• Rule 12b-20
• Sec 13(a)
• Rule 13a-1
• Rule 13a-13
• Sec 13(b)(2)(A)
• Sec 13(b)(2)(B)
• Sec 14(a)
• Rule 14a-9
Securities Act
• Sec 17(a)(2)
• Sec 17(a)(3)
Additionally, Glade M. Knight is alleged to have caused Apple REIT Six, Inc.'s violation of Rule 12b-20 of the Exchange Act.
Bryan F. Peery is alleged to have caused Apple REIT Six, Inc.'s violation of Rule 12b-20 of the Exchange Act.
Apple Six Advisors, Inc. is alleged to have caused Apple REIT Six, Inc.'s violation of Rule 12b-20 of the Exchange Act.
Apple Seven Advisors, Inc. is alleged to have caused Apple REIT Six, Inc.'s violation of Rule 12b-20 of the Exchange Act.
Apple Eight Advisors, Inc. is alleged to have caused Apple REIT Six, Inc.'s violation of Rule 12b-20 of the Exchange Act.
Apple Nine Advisors, Inc. is alleged to have caused Apple REIT Six, Inc.'s violation of Rule 12b-20 of the Exchange Act.
Glade M. Knight is alleged to have caused Apple REIT Six, Inc.'s violation of Sec 13(a) of the Exchange Act.
Bryan F. Peery is alleged to have caused Apple REIT Six, Inc.'s violation of Sec 13(a) of the Exchange Act.
Apple Six Advisors, Inc. is alleged to have caused Apple REIT Six, Inc.'s violation of Sec 13(a) of the Exchange Act.
Apple Seven Advisors, Inc. is alleged to have caused Apple REIT Six, Inc.'s violation of Sec 13(a) of the Exchange Act.
Apple Eight Advisors, Inc. is alleged to have caused Apple REIT Six, Inc.'s violation of Sec 13(a) of the Exchange Act.
Apple Nine Advisors, Inc. is alleged to have caused Apple REIT Six, Inc.'s violation of Sec 13(a) of the Exchange Act.
Glade M. Knight is alleged to have caused Apple REIT Six, Inc.'s violation of Rule 13a-1 of the Exchange Act.
Bryan F. Peery is alleged to have caused Apple REIT Six, Inc.'s violation of Rule 13a-1 of the Exchange Act.
Apple Six Advisors, Inc. is alleged to have caused Apple REIT Six, Inc.'s violation of Rule 13a-1 of the Exchange Act.
Apple Seven Advisors, Inc. is alleged to have caused Apple REIT Six, Inc.'s violation of Rule 13a-1 of the Exchange Act.
Apple Eight Advisors, Inc. is alleged to have caused Apple REIT Six, Inc.'s violation of Rule 13a-1 of the Exchange Act.
Apple Nine Advisors, Inc. is alleged to have caused Apple REIT Six, Inc.'s violation of Rule 13a-1 of the Exchange Act.
Glade M. Knight is alleged to have caused Apple REIT Six, Inc.'s violation of Rule 13a-13 of the Exchange Act.
Bryan F. Peery is alleged to have caused Apple REIT Six, Inc.'s violation of Rule 13a-13 of the Exchange Act.
Apple Six Advisors, Inc. is alleged to have caused Apple REIT Six, Inc.'s violation of Rule 13a-13 of the Exchange Act.
Apple Seven Advisors, Inc. is alleged to have caused Apple REIT Six, Inc.'s violation of Rule 13a-13 of the Exchange Act.
Apple Eight Advisors, Inc. is alleged to have caused Apple REIT Six, Inc.'s violation of Rule 13a-13 of the Exchange Act.
Apple Nine Advisors, Inc. is alleged to have caused Apple REIT Six, Inc.'s violation of Rule 13a-13 of the Exchange Act.
Glade M. Knight is alleged to have caused Apple REIT Six, Inc.'s violation of Sec 13(b)(2)(A) of the Exchange Act.
Bryan F. Peery is alleged to have caused Apple REIT Six, Inc.'s violation of Sec 13(b)(2)(A) of the Exchange Act.
Apple Six Advisors, Inc. is alleged to have caused Apple REIT Six, Inc.'s violation of Sec 13(b)(2)(A) of the Exchange Act.
Apple Seven Advisors, Inc. is alleged to have caused Apple REIT Six, Inc.'s violation of Sec 13(b)(2)(A) of the Exchange Act.
Apple Eight Advisors, Inc. is alleged to have caused Apple REIT Six, Inc.'s violation of Sec 13(b)(2)(A) of the Exchange Act.
Apple Nine Advisors, Inc. is alleged to have caused Apple REIT Six, Inc.'s violation of Sec 13(b)(2)(A) of the Exchange Act.
Glade M. Knight is alleged to have caused Apple REIT Six, Inc.'s violation of Sec 13(b)(2)(B) of the Exchange Act.
Bryan F. Peery is alleged to have caused Apple REIT Six, Inc.'s violation of Sec 13(b)(2)(B) of the Exchange Act.
Apple Six Advisors, Inc. is alleged to have caused Apple REIT Six, Inc.'s violation of Sec 13(b)(2)(B) of the Exchange Act.
Apple Seven Advisors, Inc. is alleged to have caused Apple REIT Six, Inc.'s violation of Sec 13(b)(2)(B) of the Exchange Act.
Apple Eight Advisors, Inc. is alleged to have caused Apple REIT Six, Inc.'s violation of Sec 13(b)(2)(B) of the Exchange Act.
Apple Nine Advisors, Inc. is alleged to have caused Apple REIT Six, Inc.'s violation of Sec 13(b)(2)(B) of the Exchange Act.
Glade M. Knight is alleged to have caused Apple REIT Six, Inc.'s violation of Sec 14(a) of the Exchange Act.
Bryan F. Peery is alleged to have caused Apple REIT Six, Inc.'s violation of Sec 14(a) of the Exchange Act.
Apple Six Advisors, Inc. is alleged to have caused Apple REIT Six, Inc.'s violation of Sec 14(a) of the Exchange Act.
Apple Seven Advisors, Inc. is alleged to have caused Apple REIT Six, Inc.'s violation of Sec 14(a) of the Exchange Act.
Apple Eight Advisors, Inc. is alleged to have caused Apple REIT Six, Inc.'s violation of Sec 14(a) of the Exchange Act.
Apple Nine Advisors, Inc. is alleged to have caused Apple REIT Six, Inc.'s violation of Sec 14(a) of the Exchange Act.
Glade M. Knight is alleged to have caused Apple REIT Six, Inc.'s violation of Rule 14a-9 of the Exchange Act.
Bryan F. Peery is alleged to have caused Apple REIT Six, Inc.'s violation of Rule 14a-9 of the Exchange Act.
Apple Six Advisors, Inc. is alleged to have caused Apple REIT Six, Inc.'s violation of Rule 14a-9 of the Exchange Act.
Apple Seven Advisors, Inc. is alleged to have caused Apple REIT Six, Inc.'s violation of Rule 14a-9 of the Exchange Act.
Apple Eight Advisors, Inc. is alleged to have caused Apple REIT Six, Inc.'s violation of Rule 14a-9 of the Exchange Act.
Apple Nine Advisors, Inc. is alleged to have caused Apple REIT Six, Inc.'s violation of Rule 14a-9 of the Exchange Act.

Resolutions

First Resolution Date 12-Feb-2014
Headline Total Penalty and Disgorgement $1,675,000

Related Documents:

33-9548 12-Feb-2014 Administrative Proceeding
Order Instituting Cease-and-Desist Proceedings Pursuant to Section 8A of the Securities Act of 1933 and Section 21C of the Securities Exchange Act of 1934, Making Findings, Imposing Civil Penalties and a Cease-and-Desist Order
On February 12, 2014 the SEC accepted Apple REIT Six, Inc.'s offer of settlement. According to the SEC: " This matter involves disclosure and internal controls failures relating to valuation, related party transactions, and executive compensation...." The SEC ordered Apple REIT Six, Inc. to "cease and desist from committing or causing any violations and any future violations of Sections 17(a)(2) and 17(a)(3) of the Securities Act and Sections 13(a), 13(b)(2)(A), 13(b)(2)(B), and 14(a) of the Exchange Act and Rules 12b-20, 13a-1, 13a-13, and 14a-9 thereunder."

Other Defendants in Action:

Apple REIT Eight, Inc.
Apple REIT Nine, Inc.
Apple REIT Seven, Inc.
Glade M. Knight
Bryan F. Peery
Apple Six Advisors, Inc.
Apple Seven Advisors, Inc.
Apple Eight Advisors, Inc.
Apple Nine Advisors, Inc.