The allegations read: The securities and exchange commission ("commission") deems it appropriate and in the public interest that public administrative proceedings be, and hereby are, instituted against ruben cedrick williams ("williams" or "respondent"). In anticipation of the institution of these proceedings, respondent has submitted an offer of settlement (the "offer") which the commission has determined to accept. The commission finds that in it's complaint it alleged that vista and williams made material representations in vista's 2022 and 2023 form adv filings concerning vista's regulatory assets under management ("raum") by falsely claiming in vista's 2022 form adv filing that vista had $10 billion in raum and by stating that its raum had grown to nearly $11.5 trillion in the 2023 form adv filing. Additionally, the complaint alleges that the 2022 form adv failed to disclose the identity of one of vista's owners, and misstated how vista's ownership interest was divided up among its remaining owners. Williams signed and certified both form adv filings.
