Defendant Name: Joseph G. Parish III

Defendant Type: Individual

Document Reference: IA-3735

Document Details

Legal Case Name In the Matter of Joseph G. Parish III and Scott H. Shannon
Document Name Order Instituting Public Administrative and Cease-and-Desist Proceedings Pursuant to Sections 203(f) and 203(k) of the Investment Advisers Act of 1940 and Section 9(b) of the Investment Company Act of 1940, Making Findings, and Imposing Remedial Sanctions and a Cease-and-Desist Order
Document Date 12-Dec-2013
Document Format Administrative Proceeding
File Number 3-15643
Allegation Type Securities Offering
Document Summary

Disgorgement & Penalty Information

Cease and Desist Order
  • Bar on association with a broker, dealer, investment adviser, municipal securities dealer, municipal advisor, transfer agent, or nationally recognized statistical rating organization for 12 months
  • Prohibited from serving in various capacities for an advisory board, investment adviser or depositor of, or principal underwriter for, a registered investment company or affiliated person of such investment adviser, depositor, or principal underwriter for 12 months
Monetary Penalties:


Individual:     $116,553.00 Shared:    

Civil Penalty

Individual:     $75,000.00 Shared:    

Pre-Judgment Interest

Individual:     $24,109.00 Shared:    

Total Penalty

Individual:     $215,662.00 Shared:    

Other Defendants in Action:

Related Actions:

In the Matter of Merrill Lynch, Pierce, Fenner & Smith Incorporated
In the Matter of Harding Advisory LLC and Wing F. Chau