[Federal Register Volume 86, Number 47 (Friday, March 12, 2021)]
[Notices]
[Pages 14169-14170]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2021-05170]


-----------------------------------------------------------------------

SECURITIES AND EXCHANGE COMMISSION

[Release No. IA-5696]


Notice of Intention To Cancel Registration Pursuant to Section 
203(H) of The Investment Advisers Act of 1940

March 9, 2021.
    Notice is given that the Securities and Exchange Commission (the 
``Commission'') intends to issue an order, pursuant to section 203(h) 
of the Investment Advisers Act of 1940 (the ``Act''), cancelling the 
registration of BWM Advisory LLC [File No. 801-108290], hereinafter 
referred to as the ``registrant.''

[[Page 14170]]

    Section 203(h) of the Act provides, in pertinent part, that if the 
Commission finds that any person registered under section 203 of the 
Act, or who has pending an application for registration filed under 
that section, is no longer in existence, is not engaged in business as 
an investment adviser, or is prohibited from registering as an 
investment adviser under section 203A of the Act, the Commission shall 
by order, cancel the registration of such person.
    The registrant indicated on its Form ADV that it is no longer 
eligible to remain registered with the Commission but has not filed a 
Form ADV-W to withdraw from Commission registration. As a result, it 
appears that the registrant is prohibited from registering as an 
investment adviser under section 203A of the Act. Accordingly, the 
Commission believes that reasonable grounds exist for finding that the 
registrant is not eligible to be registered with the Commission as an 
investment adviser and that the registration should be cancelled 
pursuant to section 203(h) of the Act.
    Notice also is given that any interested person may, by April 3, 
2021, at 5:30 p.m., submit to the Commission in writing a request for a 
hearing on the cancellation, accompanied by a statement as to the 
nature of his or her interest, the reason for such request, and the 
issues, if any, of fact or law proposed to be controverted, and he or 
she may request that he or she be notified if the Commission should 
order a hearing thereon. Any such communication should be emailed to 
the Commission's Secretary at Secretarys-Office@sec.gov.
    At any time after April 3, 2021, the Commission may issue an order 
cancelling the registration, upon the basis of the information stated 
above, unless an order for a hearing on the cancellation shall be 
issued upon request or upon the Commission's own motion. Persons who 
requested a hearing, or who requested to be advised as to whether a 
hearing is ordered, will receive any notices and orders issued in this 
matter, including the date of the hearing (if ordered) and any 
postponements thereof. Any adviser whose registration is cancelled 
under delegated authority may appeal that decision directly to the 
Commission in accordance with rules 430 and 431 of the Commission's 
rules of practice (17 CFR 201.430 and 431).

ADDRESSES:  The Commission: Secretarys-Office@sec.gov.

FOR FURTHER INFORMATION CONTACT:  Alexis Palascak, Senior Counsel at 
202-551-6999; SEC, Division of Investment Management, Investment 
Adviser Regulation Office, 100 F Street NE, Washington, DC 20549-8549.

    For the Commission, by the Division of Investment Management, 
pursuant to delegated authority.\1\
---------------------------------------------------------------------------

    \1\ 17 CFR 200.30-5(e)(2).
---------------------------------------------------------------------------

J. Matthew DeLesDernier,
Assistant Secretary.
[FR Doc. 2021-05170 Filed 3-11-21; 8:45 am]
BILLING CODE 8011-01-P


