UNITED STATES OF AMERICA
before the
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.

INVESTMENT ADVISERS ACT of 1940
Rel. No. 2283 / August 27, 2004

ADMINISTRATIVE PROCEEDING
File No. 3-11519

NOTICE THAT INITIAL DECISION HAS BECOME FINAL

The time for filing a petition for review of the initial decision in this proceeding has expired. No such petition has been filed, and the Commission has not chosen to review the decision on its own initiative.

Accordingly, notice is hereby given, pursuant to Rule 360(e) of the Commission's Rules of Practice, that the initial decision of the administrative law judge^*/ has become the final decision of the Commission with respect to Ian L. Renert. The order contained in the decision is hereby declared effective. That order barred Renert from association with any investment adviser.

For the Commission by the Office of the General Counsel, pursuant to delegated authority.

Endnotes

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^*/ Ian L. Renert, Initial Decision Rel. No. 254 (July 27, 2004), __ SEC Docket __.

http://www.sec.gov/litigation/aljdec/ia-2283.htm