 Without admitting or denying the findings, except as to the Commission’s jurisdiction over him and the subject matter of these proceedings and the findings, in 2011, he consented to the entry of the administrative order by the Commission barring him from activity as Registered Investment Advisor and barring him from further association.Frishberg was not accused of making a false statement or of improperly taking money from anyone, and The Commission specifically did not request or require any disgorgement, though they did require disgorgement by the officer accused in this case.During his first round of retirement in 2011, Frishberg saw a golden opportunity, based on his experience as a media pundit and commentator.