Paul Fair Associates, LLC

Respondent Paul Fair Associates, LLC ("Respondent PFA"), CRD # 138982, was,
at all material times herein, a Pennsylvania limited Jiability company with an address at Redacted
From on or about June 2000 to the present, Respondent PFA was 1·egistered
pursuant to Section 30l(c) of the 1972 Act, 70 P.S. § 1�30l(c), as an investment adviser.
At all times material he1·ein, Respondent PFA did not have a business continuity
and succession plan that provided for an assignment of duties to a qualified and responsible person if the death or unavailability of key personnel occurred. VIOLATION
By engaging in the acts and conduct set forth in paragraphs 3 thl'ough 5 above,
Respondent PFA failed to establish, implement, and maintain written procedures relating to a business continuity and succession plan, which acts and conduct form a basis to deny, suspend, revoke, or condition the registration of Respondent PFA or censure Respondent PFA pursuant to
Section 305(a)(v) of the 1972 Act> 70 P.S. § l-305(a)(v), and Regulation 304.07l(a), 10Pa. Code
§ 304.071(a).
RELIEF
PFA shall pay the Department an administrative assessment in the amount of
$2,500.00. Payment shall be made by certified check or money order made payable to the "Department of Banking and Securities" and shall be mailed or delivered in person to the Bureau of Securities Compliance and Examinations located at 17 N. Second Street, Suite 1300, Harrisburg, Pennsylvania 17101. The assessment shall be paid on or before August 15, 2026.
This Order is not intended to indicate that PFA or any of its affiliates or current or
former employees should be subject to any disqualification contained in the federal securities laws, 2

Paul Fair Associates, LLC

Lineage: In force