Dennis J. Malouf (Corrected Order Imposing Remedial Sanctions)

UNITED STATES OF AMERICA before the SECURITIES AND EXCHANGE COMMISSION SECURITIES ACT OF 1933 Release No. 10207 / September 13, 2016 SECURITIES EXCHANGE ACT OF 1934 Release No. 78822 / September 13, 2016 INVESTMENT ADVISERS ACT OF 1940 Release No. 4528 / September 13, 2016 INVESTMENT COMPANY ACT OF 1940 Release No. 32258 / September 13, 2016 Admin. Proc. File No. 3-15918 In the Matter of DENNIS J. MALOUF CORRECTED ORDER IMPOSING REMEDIAL SANCTIONS On the basis of the Commission's opinion issued on July 27, 2016, and upon the Commission's own motion to correct the prejudgment interest amount specified in the related order, it is ORDERED that Dennis J. Malouf be barred from association with any broker, dealer, investment adviser, municipal securities dealer, municipal advisor, transfer agent, or nationally recognized statistical rating organization, and from serving or acting as an employee, officer, director, member of 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, and it is further ORDERED that Dennis J. Malouf be prohibited, permanently, from serving or acting as an employee, officer, director, member of 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, and it is further ORDERED that Malouf cease and desist from committing or causing any violations or future violations of Sections 17(a)(1) and 17(a)(3) of the Securities Act of 1933, Sections 10(b) Securities Exchange Act of 1934 and Rules 10b-5(a) and (c) thereunder, and Sections 206(1), 206 (2), 206(4), and 207 of the Investment Advisers Act of 1940 and Rule 206(4)-1(a)(5) thereunder; and it is further ORDERED that Malouf disgorge $562,001.26, plus prejudgment interest of $202,298.88, such prejudgment interest calculated beginning from January 1, 2008, in accordance with Commission Rule of Practice 600; and it is further ORDERED that Malouf pay a civil money penalty of $75,000. Payment of the amounts to be disgorged and the civil money penalties shall be: (i) made by United States postal money order, certified check, bank cashier's check, or bank money order; (ii) made payable to the Securities and Exchange Commission; (iii) mailed to Enterprises Services Center, Accounts Receivable Branch, HQ Bldg., Room 181, 6500 South MacArthur Blvd., Oklahoma City, OK 73169; and (iv) submitted under cover letter that identifies the respondent and the file number of this proceeding. By the Commission. Brent J. Fields Secretary