SEC orders enforcement update on service in Mendia-Alcaraz advisers case
The U.S. Securities and Exchange Commission is moving to document procedural progress in an administrative case involving Bernardo Mendia-Alcaraz under the Investment Advisers Act of 1940. The agency requires the Division of Enforcement to file a status report on service of the order by June 17, 2026, and every 28 days afterward until service is completed.
Highlights
- SEC issued an order on April 2, 2026, instituting administrative proceedings against Bernardo Mendia-Alcaraz under Section 203(f) of the Investment Advisers Act of 1940.
- The Division of Enforcement must file a service status report by June 17, 2026, and submit additional reports every 28 days until service is completed.
- The SEC order focuses on procedural compliance, requiring e-filing, certificates of service, and updated case administration records before proceeding further.
Service status deadline in advisers proceeding
As reported by the Securities and Exchange Commission, the agency issued an order instituting administrative proceedings on April 2, 2026, against Bernardo Mendia-Alcaraz under Section 203(f) of the Investment Advisers Act of 1940. The SEC says there appear to have been no filings in the matter since the order was issued, including any filing showing whether the order instituting proceedings has been served on Mendia-Alcaraz.To help the Office of the Secretary maintain a record demonstrating proper service, the SEC orders the Division of Enforcement to file a status report concerning service by June 17, 2026. The order also requires follow-up status reports every 28 days thereafter until service is accomplished.
Procedural compliance and case administration
The commission also directs the parties to its e-filing requirements under the Rules of Practice. It further reminds participants that any document filed with the commission must be served on all parties in the proceeding and include a certificate of service.The order addresses case administration rather than the merits of the underlying allegations. In practical terms, the filing schedule is intended to ensure the SEC maintains a clear procedural record before the administrative proceeding advances.
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