X0405 TA-1/A 0000703220 XXXXXXXX 084-01079 true LIVE SEC PRICE ROWE T SERVICES INC /TA 408005 4515 Painters Mill Road Owings Mills MD 21117 Y 100 E. Pratt Street Baltimore MD 21202 4103456787 Y Financial Center One 2260 Briargate Parkway Colorado Springs CO 80920 Financial Center Two 2220 Briargate Parkway Colorado Springs CO 80920 N Y Ascensus College Savings Recordkeeping Services LLC 084-06488 95 Wells Ave Suite 160 Newton MA 02459 N Not Applicable N N N N N N N Y T. Rowe Price Associates, Inc Order Instituting Proceedings and Findings and Order Imposing Remedial Sanction 01/16/1979 Securities and Exchange Commission On January 16, 1979, pursuant to an offer of settlement by T. Rowe Price, the SEC issued an order censuring T. Rowe Price for alleged violations of Section 206 of the Investment Advisors Act of 1940. T. Rowe Price agreed to accept the censure without admitting or denying any of the allegations in order to settle an administrative proceeding instituted by the SEC. The primary issue involved was the manner in which the Managed Portfolio Program was described to clients, particularly with respect to the use of a model portfolio and the use of computer-based implementation of the service. T. Rowe Price agreed to accept the censure without admitting or denying any of the allegations in order to settle an administrative proceeding instituted by the SEC. N N N N N N N N N Y T. Rowe Price Investment Services, Inc. Financial Industry Regulatory Authority Letter of Acceptance, Waiver and Consent 12/11/2012 Financial Industry Regulatory Authority In August 2011, T. Rowe Price Investment Services, Inc. (TRPIS) received an inquiry from FINRA related to mutual funds sold through our Brokerage division requesting details of any instance when a prospectus was required to be sent, but was not sent within three business days from the purchase date, as required by the SEC. TRPIS utilized a third party vendor to deliver prospectuses to Brokerage clients. For the review period there were instances where a prospectus was not sent within the required three business days. TRPIS provided FINRA with copies of our procedures for oversight of the prospectus delivery process, which were enhanced in light of this matter. On June 25, 2012, TRPIS was advised by FINRA staff that it made a preliminary determination to recommend that a disciplinary action be brought against TRPIS based upon the incidents when prospectuses were not timely delivered and failure to maintain procedures to adequately supervise such process. On December 31, 2012, TRPIS resolved the case through a Letter of Acceptance, Waiver and Consent letter, which acts as a final settlement, and agreed to a censure and sanction of $40,000. TRPIS resolved the case through a Letter of Acceptance, Waiver and Consent letter, which acts as a final settlement, and agreed to a censure and sanction of $40,000. N N N N N N Stephanie Mumford 410-345-6638 Managing Legal Counsel 04/30/2024