The Securities and Exchange Commission

[Stock]

34-55922 Jun. 18, 2007 Columbia Management Advisors, Inc. and Columbia Funds Distributor, Inc.
http://www.sec.gov/litigation/admin/2007/34-55922.pdf

UNITED STATES OF AMERICA
Before the
SECURITIES AND EXCHANGE COMMISSION
SECURITIES EXCHANGE ACT OF 1934
Release No. 55922 / June 18, 2007
ADMINISTRATIVE PROCEEDING
File No. 3-11814
In the Matter of
COLUMBIA MANAGEMENT ADVISORS, INC. and COLUMBIA FUNDS
DISTRIBUTOR, INC.
Respondents.
ORDER DIRECTING DISBURSEMENT OF FAIR FUND
On July 19, 2006, the Commission published a notice of the Plan of Distribution (“Plan”) proposed by the Division of Enforcement in connection with this proceeding (Securities Exchange Act Release No. 34-54175). The Commission received comments and on April 6, 2007 the Plan was approved.
The Plan of Distribution provides that a Fair Fund consisting of $140,000,000 in disgorgement and civil penalties, plus any accrued interest, be transferred to Deutsche Bank to be distributed by the Plan Administrator to injured investors according to the methodology set forth in the Plan. The Plan provides that the Commission will arrange for distribution of the Fair Fund when a Payment File listing the payees with the identification information required to make the distribution has been received and accepted. The Payment File has been received and accepted.
Accordingly, it is ORDERED that the Commission staff shall transfer $37,761,807.19 of the Fair Fund to Deutsche Bank and the Plan Administrator shall distribute such monies to investors, as provided for in the Plan of Distribution.
For the Commission, by its Secretary, pursuant to delegated authority.
Nancy M. Morris
Secretary
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