TAMPA, Florida, October 24, 2024 — Hamlin Capital Advisors, LLC (“HCA”) and Michael Braun, a Managing Director of HCA, have entered into a settlement with the U.S. Securities and Exchange Commission (“SEC”) primarily relating to the timing and inadequacies of certain conflict of interest disclosures made to various HCA charter school clients and in some cases, their nonprofit affiliates. Without admitting or denying the SEC’s findings, HCA and Mr. Braun have each agreed, among other things, to pay a civil monetary penalty as part of the settlement. Notably, the settlement order does not include any allegations of intentional misconduct or other scienter-based conduct nor does it include any reference to client complaints. The SEC did not require HCA or Mr. Braun to pay any disgorgement or restitution or to agree to any undertakings. Nevertheless, HCA has voluntarily enhanced its compliance procedures in response to the matters identified in the settlement order. HCA and Mr. Braun are pleased to put the matter behind them.
