Well, this may be the reason. Apparently, Malone Bailey doesn't play well with others ... UNITED STATES OF AMERICA Before the SECURITIES AND EXCHANGE COMMISSION SECURITIES EXCHANGE ACT OF 1934 Release No. 77755 / May 2, 2016 ACCOUNTING AND AUDITING ENFORCEMENT Release No. 3773 / May 2, 2016 ADMINISTRATIVE PROCEEDING File No. 3-17240 In the Matter of MALONEBAILEY, LLP, and JAY PHILLIP NORRIS, CPA, Respondents. ORDER INSTITUTING PUBLIC ADMINISTRATIVE AND CEASE-ANDDESIST PROCEEDINGS PURSUANT TO SECTIONS 4C AND 21C OF THE SECURITIES EXCHANGE ACT OF 1934 AND RULE 102(e) OF THE COMMISSION’S RULES OF PRACTICE, MAKING FINDINGS, AND IMPOSING REMEDIAL SANCTIONS AND A CEASE-AND-DESIST ORDER I. The Securities and Exchange Commission (“Commission”) deems it appropriate that public administrative and cease-and-desist proceedings be, and hereby are, instituted against MaloneBailey, LLP (“MaloneBailey”), and Jay Phillip Norris, CPA (“Norris”) (collectively, “Respondents”) pursuant to Sections 4C1 and 21C of the Securities Exchange Act of 1934 (“Exchange Act”) and Rule 102(e)(1)(ii) and 102(e)(1)(iii) of the Commission’s Rules of Practice.2
1 Section 4C provides, in relevant part, that: The Commission may censure any person, or deny, temporarily or permanently, to any person the privilege of appearing or practicing before the Commission in any way, if that person is found . . . (1) not to possess the requisite qualifications to represent others . . . (2) to be lacking in character or integrity, or to have engaged in unethical or improper professional conduct; or (3) to have willfully violated, or willfully aided and abetted the violation of, any provision of the securities laws or the rules and regulations thereunder.
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