Pinnacle Advisors, LLC; Robert F. Cuculich; Benjamin R. Quilty; Mark E. Wadach; and Lawton A. Williamson

The Securities and Exchange Commission (SEC) has dismissed a civil enforcement action against Pinnacle Advisors, LLC, and its officers, with prejudice. This decision was made after the SEC filed a joint stipulation with the defendants, citing a policy matter as the reason for dismissal. The move does not reflect the Commission's position on any other case. The dismissal of this action has no specific impact on the industry or compliance considerations in general, as it is a singular case.