United States Court of Appeals FOR THE DISTRICT OF COLUMBIA CIRCUIT No. 24-1095 September Term, 2024 FILED ON: DECEMBER 27, 2024 MATTHEW LOGAN, APPELLANT v. UNITED STATES SECURITIES AND EXCHANGE COMMISSION, APPELLEE On Petition for Review of an Order of the Securities and Exchange Commission

From June 2021 through at least January 2023, Vistia’s business focused on recommending private placements of securities to retail customers. During this period, two of the firm’s registered representatives disclosed seven outside business activities, including three that related to business relationships with issuers of the firm’s private placement offerings.