The SEC brought an administrative action against David Henry Disraeli alleging that he violated Sections 203A and 207 the Investment Advisers Act of 1940 by registering with the SEC as an investment adviser when he did not qualify for SEC registration and by making material misstatements and omissions in his registration applications. The SEC revoked Disraeli's investment adviser registration, barred Disraeli from association with any investment adviser, broker and dealer, imposed an $85,000 civil money penalty on Disraeli, and ordered that Disraeli disgorge $84,300 plus prejudgment interest.

Please click http://www.sec.gov/litigation/opinions/2007/33-8880.pdf for a copy of the administrative order