Select Money Management, Inc..

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GENERAL INSTRUCTIONS
This Disclosure Reporting Page (DRP ADV) is an 
INITIAL OR
AMENDED response used to report details for affirmative responses to Items 11.C., 11.D.,
11.E., 11.F. or 11.G. of Form ADV.
Regulatory Action
Check item(s) being responded to:
11.C(1)
11.C(2)
11.C(3)
11.C(4)
11.C(5)
11.D(1)
11.D(2)
11.D(3)
11.D(4)
11.D(5)
11.E(1)
11.E(2)
11.E(3)
11.E(4)
11.F.
11.G.
Use a separate DRP for each event or proceeding . The same event or proceeding may be reported for more than one person or entity using one DRP. File
with a completed Execution Page. 
One event may result in more than one affirmative answer to Items 11.C., 11.D., 11.E., 11.F. or 11.G. Use only one DRP to report details related to the
same event. If an event gives rise to actions by more than one regulator, provide details for each action on a separate DRP.
PART I
A.  The person(s) or entity(ies) for whom this DRP is being filed is (are):
You (the advisory firm)
You and one or more of your advisory affiliates
One or more of your advisory affiliates
If this DRP is being filed for an advisory affiliate, give the full name of the advisory affiliate below (for individuals, Last name, First name, Middle name). 
If the advisory affiliate has a CRD number, provide that number. If not, indicate "non-registered" by checking the appropriate box.
ADV DRP - ADVISORY AFFILIATE
No Information Filed
This DRP should be removed from the ADV record because the advisory affiliate(s) is no longer associated with the adviser.
This DRP should be removed from the ADV record because: (1) the event or proceeding occurred more than ten years ago or (2) the adviser is
registered or applying for registration with the SEC or reporting as an exempt reporting adviser with the SEC and the event was resolved in the
adviser's or advisory affiliate's favor.
If you are registered or registering with a state securities authority , you may remove a DRP for an event you reported only in response to Item
11.D(4), and only if that event occurred more than ten years ago. If you are registered or registering with the SEC, you may remove a DRP for any
event listed in Item 11 that occurred more than ten years ago.
This DRP should be removed from the ADV record because it was filed in error, such as due to a clerical or data-entry mistake. Explain the
circumstances: 
B.
If the advisory affiliate is registered through the IARD system or CRD system, has the advisory affiliate submitted a DRP (with Form ADV, BD or U-4) to
the IARD or CRD for the event? If the answer is "Yes," no other information on this DRP must be provided.
 Yes
 No
NOTE: The completion of this form does not relieve the advisory affiliate of its obligation to update its IARD or CRD records.
PART II
1.  Regulatory Action initiated by:
SEC   
Other Federal   
State   
SRO
Foreign
(Full name of regulator, foreign financial regulatory authority, federal, state, or SRO) 
SECURITIES AND EXCHANGE COMMISSION

2.
Principal Sanction:
Cease and Desist
Other Sanctions: 
CENSURE; DISGORGEMENT
3.
Date Initiated (MM/DD/YYYY): 
03/11/2019
 Exact
 Explanation
If not exact, provide explanation:
4.
Docket/Case Number:
3-19098
5.
Advisory Affiliate Employing Firm when activity occurred which led to the regulatory action (if applicable):
6.
Principal Product Type:
Mutual Fund(s)
Other Product Types: 
7.
Describe the allegations related to this regulatory action (your response must fit within the space provided):
THE SEC'S ORDER DATED MARCH 11, 2019 FOUND THAT OUR FIRM VIOLATED SECTION 206(2) AND SECTION 207 OF THE INVESTMENT ADVISERS ACT
OF 1940 BY: (1) FAILING TO INCLUDE ADEQUATE DISCLOSURE REGARDING THE RECEIPT OF 12B-1 FEES; AND/OR (2) FAILING TO ADEQUATELY
DISCLOSE ADDITIONAL COMPENSATION RECEIVED FOR INVESTING CLIENTS IN A FUND'S 12B-1 FEE PAYING SHARE CLASS WHEN A LOWER-COST
SHARE CLASS WAS AVAILABLE FOR THE SAME FUND.
8.
Current Status?      
 Pending
 On Appeal
 Final
9.
If on appeal, regulatory action appealed to (SEC, SRO, Federal or State Court) and Date Appeal Filed:
If Final or On Appeal, complete all items below. For Pending Actions, complete Item 13 only.
10. How was matter resolved:
Settled
11. Resolution Date (MM/DD/YYYY):
03/11/2019
 Exact
 Explanation
If not exact, provide explanation:
12. Resolution Detail:
A.  Were any of the following Sanctions Ordered (check all appropriate items)?
 Monetary/Fine Amount: $
 Revocation/Expulsion/Denial
 Disgorgement/Restitution
 Censure
 Cease and Desist/Injunction
 Bar
 Suspension
B.
Other Sanctions Ordered:
Sanction detail: if suspended, enjoined or barred, provide duration including start date and capacities affected (General Securities Principal,
Financial Operations Principal, etc.). If requalification by exam/retraining was a condition of the sanction, provide length of time given to
requalify/retrain, type of exam required and whether condition has been satisfied. If disposition resulted in a fine, penalty, restitution,
disgorgement or monetary compensation, provide total amount, portion levied against you or an advisory affiliate, date paid and if any portion
of penalty was waived: 
PAYMENT OF DISGORGEMENT OF $59,162.15 AND INTEREST OF $2,396.25 HAS BEEN COMPLETED.
13. Provide a brief summary of details related to the action status and (or) disposition and include relevant terms, conditions and dates (your response
must fit within the space provided).
IN FEBRUARY 2018, THE SECURITIES AND EXCHANGE COMMISSION LAUNCHED AN INITIATIVE TO ADDRESS ITS CONCERNS THAT INVESTMENT
ADVISERS WERE NOT ADEQUATELY DISCLOSING, OR ACTING CONSISTENTLY WITH THE DISCLOSURE REGARDING, CONFLICTS OF INTEREST RELATED
TO THEIR MUTUAL FUND SHARE CLASS SELECTION PRACTICES. THE INITIATIVE ENABLED INVESTMENT ADVISORY FIRMS TO VOLUNTARILY PARTICIPATE
IN THE INITIATIVE AND TO REVIEW THEIR PRACTICES FOR THE PERIOD OF 1/1/2014 THROUGH 6/30/2018, SELF-REPORT THEIR FINDINGS TO THE SEC
AND OFFER TO REFUND CERTAIN MUTUAL FUND 12B-1 FEES TO AFFECTED CLIENTS. ON MARCH 11, 2019 SELECT MONEY MANAGEMENT, INC. ENTERED
INTO A VOLUNTARY SETTLEMENT AGREEMENT WITH THE SEC WITH RESPECT TO THE INITIATIVE. AS PROVIDED UNDER THE INITIATIVE, THE SEC DID
NOT IMPOSE PENALTIES AGAINST THE SETTLING INVESTMENT ADVISERS OR US. EACH OF THE SETTLING INVESTMENT ADVISERS, INCLUDING OUR FIRM,
CONSENTED TO CEASE-AND-DESIST ORDERS FINDING VIOLATIONS OF SECTION 206(2) AND, WITH RESPECT TO SEC-REGISTERED INVESTMENT
ADVISERS, SECTION 207 AND A CENSURE. THE FIRMS, INCLUDING OUR FIRM, ALSO AGREED TO REFUND THE INADEQUATELY DISCLOSED FEES, WITH

INTEREST, TO AFFECTED ADVISORY CLIENTS. EACH ADVISER, INCLUDING OUR FIRM, HAS ALSO UNDERTAKEN TO REVIEW AND EXPAND THE
DISCLOSURES CONCERNING MUTUAL FUND SHARE CLASS SELECTION AND 12B-1 FEES, AND TO EVALUATE WHETHER EXISTING CLIENTS SHOULD BE
MOVED TO AN AVAILABLE LOWER-COST SHARE CLASS AND MOVE CLIENTS, AS NECESSARY. SELECT MONEY MANAGEMENT, INC. HAS COMPLETED THIS
REVIEW AND ANALYSIS AND IMPLEMENTED ALL NECESSARY CHANGES.