SEC Comment Letter 0000000000-24-003647 to Alabama Conditional Bank (CIK 0001518629)
Alabama Conditional Bank (CIK 0001518629)
Date: April 4, 2024 · CIK: 0001518629 · Accession: 0000000000-24-003647
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SECURITIES AND EXCHANGE COMMISSION [Release No. 34-99892] ORDER CANCELLING REGISTRATION OF CERTAIN MUNICIPAL SECURITIES DEALERS PURSUANT TO SECTION 15B(c)(3) OF THE SECURITIES EXCHANGE ACT OF 1934 April 4, 2024 On March 11, 2024, notice was published in the Federal Register (“notice”) that the Securities and Exchange Commission (“Commis sion”) intended to issue an order or orders, pursuant to Section 15B(c)(3) of the Securities Exchange Act of 1934 (“Act”), cancelling the registrations of the municipal securities dealers (hereinafter referred to as “registrants”) whose names appear in the attached Appendix. Section 15B(c)(3) of the Act provides, in pertinent part, that if the Commission finds that any municipal securities dealer registered under Section 15B is no longer in existence or has ceased to do business as a municipal securities dealer, the Commission, by order, shall cancel the registration of such municipal securities de aler. In the notice, the Commission identified registrants whom it believed were no longer in existence or had ceased to do business as a municipal securities dealer. The notice also stated that at any time after April 1, 2024, the Commission could issue an order canceling the registrations of any or all of the identified registrants, unless an order or orders for a hearing on the cancellation was issued upon request or upon the Commission’s own motion. The Commission received no responses to the notice. Accordingly, the Commission is cancelling the registrations of the registrants listed in the attached Appendix.
2 IT IS THEREFORE ORDERED, pursuant to Section 15B(c)(3) of the Act, that the registration of each of the registrants listed in the attached Appendix be, and hereby, is cancelled. FOR FURTHER INFORMATION CONTACT: Wade Gallagher, Branch Chief, Registrations Branch, Division of Examinations, 100 F Street NE, Washington, DC 20549, at EXAMSRegistrationsInquiries@sec.gov or at (202) 551-7250. For the Commission, by the Division of Examinations, pursuant to delegated authority.1 Sherry R. Haywood, Assistant Secretary.
1 17 CFR 200.30-18(j)(3)(i).
3 APPENDIX
Registrant Name SEC ID No. Alabama Conditional Bank 086-01333 Capitol City Bank & Trust Co. 086-01340 City National Bank of New Jerse y, Municipal Securities Division (a.k.a. City Bank of New Jersey, Municipal Securities Division) 086-01349 Commonwealth National Bank d/b/a Commonwealth Capital Resource Group 086-01344 First Partners Bank Investment Division 086-01341 Liberty Capital Markets 086-01347 Sterling Investments, a division of Sterling Bank 086-01321 SunTrust Bank, Municipal Securities Division 086-01346
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SECURITIES AND EXCHANGE COMMISSION [Release No. 34-99892] ORDER CANCELLING REGISTRATION OF CERTAIN MUNICIPAL SECURITIES DEALERS PURSUANT TO SECTION 15B(c)(3) OF THE SECURITIES EXCHANGE ACT OF 1934 April 4, 2024 On March 11, 2024, notice was published in the Federal Register (“notice”) that the Securities and Exchange Commission (“Commis sion”) intended to issue an order or orders, pursuant to Section 15B(c)(3) of the Securities Exchange Act of 1934 (“Act”), cancelling the registrations of the municipal securities dealers (hereinafter referred to as “registrants”) whose names appear in the attached Appendix. Section 15B(c)(3) of the Act provides, in pertinent part, that if the Commission finds that any municipal securities dealer registered under Section 15B is no longer in existence or has ceased to do business as a municipal securities dealer, the Commission, by order, shall cancel the registration of such municipal securities de aler. In the notice, the Commission identified registrants whom it believed were no longer in existence or had ceased to do business as a municipal securities dealer. The notice also stated that at any time after April 1, 2024, the Commission could issue an order canceling the registrations of any or all of the identified registrants, unless an order or orders for a hearing on the cancellation was issued upon request or upon the Commission’s own motion. The Commission received no responses to the notice. Accordingly, the Commission is cancelling the registrations of the registrants listed in the attached Appendix. 2 IT IS THEREFORE ORDERED, pursuant to Section 15B(c)(3) of the Act, that the registration of each of the registrants listed in the attached Appendix be, and hereby, is cancelled. FOR FURTHER INFORMATION CONTACT: Wade Gallagher, Branch Chief, Registrations Branch, Division of Examinations, 100 F Street NE, Washington, DC 20549, at EXAMSRegistrationsInquiries@sec.gov or at (202) 551-7250. For the Commission, by the Division of Examinations, pursuant to delegated authority.1 Sherry R. Haywood, Assistant Secretary. 1 17 CFR 200.30-18(j)(3)(i). 3 APPENDIX Registrant Name SEC ID No. Alabama Conditional Bank 086-01333 Capitol City Bank & Trust Co. 086-01340 City National Bank of New Jerse y, Municipal Securities Division (a.k.a. City Bank of New Jersey, Municipal Securities Division) 086-01349 Commonwealth National Bank d/b/a Commonwealth Capital Resource Group 086-01344 First Partners Bank Investment Division 086-01341 Liberty Capital Markets 086-01347 Sterling Investments, a division of Sterling Bank 086-01321 SunTrust Bank, Municipal Securities Division 086-01346