Welcome to the William King Fair Fund Website

In the Matter of William D. King, CPA, Admin. Proc. File No. 3-19991

This Distribution Plan provides for distribution of funds collected in the above-captioned matter to compensate investors harmed by the conduct that served as the basis for its findings of securities law violations in the Commission’s Order (the “Order”) against William D. King.

According to the Order, from August 2015 through September 2018, King solicited clients to invest in AREB. King did not disclose that he received $72,250 in AREB shares as a commission for soliciting sales nor that he retained $447,384 in AREB shares as fees. The Commission also found that King operated as a broker-dealer through his solicitation of investors and other activities without registering to do so.

William D. King has paid, as ordered, a total of $628,022.13.

The Order also created a Fair Fund, pursuant to Section 308(a) of the Sarbanes-Oxley Act of 2002, so the penalty paid, along with the disgorgement and interest paid, could be distributed to those harmed by the Respondent’s conduct described in the Order.

Eligible Investor’s Participation Options for this Fair Fund

Distribution Notices and Certification Forms were mailed to known Eligible Investors on July 22, 2022.

Complete details regarding participation in this Fair Fund are contained in the Distribution Notice and Distribution Plan.

If you are an Eligible Claimant, in order to receive a payment from the Distribution Fund:

• if you have no Dispute as to your Recognized Loss Amount, you must submit the Certification Form so that it is postmarked no later than 90 days from the date of the Notice.
• if you have a Dispute as to your Recognized Loss Amount, you must complete the Certification Form and write to the Fund Administrator detailing the reasons for your objection and return it so that it is postmarked no later than 60 days from the date of the Notice.

Certification forms and supporting documentation (if any) may also be uploaded using the Fund Administrator’s secure upload system:

IF YOU ARE AN ELIGIBLE CLAIMANT AND DO NOT COMPLETE A CERTIFICATION FORM AND RETURN IT TO THE FUND ADMINISTRATOR WITHIN THE DEADLINES DESCRIBED ABOVE, YOU WILL NOT RECEIVE A DISTRIBUTION PAYMENT.