The Receiver is the individual who assumes responsibility for all assets of the entities in receivership in the civil enforcement action brought by the Securities and Exchange Commission (SEC). The Receiver is responsible for determining how the business was operated and where its assets are located. The Receiver also is charged with operating the business and reporting to investors and other interested parties. Ultimately, the Receiver will determine the amounts owed to individual creditors and investors and will distribute available assets in accordance with a plan approved by the Court. A Receiver is an officer of the Court, not an employee of the SEC, and ultimately reports to the Court. In this case, Allen D. Applbaum, is the Court-appointed Receiver for the various Receivership Entities.