Current | 2010 | 2009 Merrill Lynch FINRA Fines Merrill Lynch $1 Million for Supervisory Failures That Allowed a Registered Representative to Operate a Ponzi Scheme 01/02/2012 Scottsdale Capital Advisors Corp. of Scottsdale, AZ & Justine Hurry, Registered Principal Censured and Fined 01/02/2012 Internet Securities of Oakland, California & Michael Wayne Beardsley, Registered Principal Failed to exercise reasonable supervision over ETF transactions 12/30/2011 Xiomara Isabel Beach, Registered Rep of Long Beach, California Sold Private Placement investments without being licensed 12/30/2011 Hernan Charry Jr. aka Herman Charry, Registered Principal of Scottsdale, AZ Mishandled PPM subscription documents for his firm 12/30/2011 David Leroy Carlson, Registered Rep of Simi Valley, California Sold $1.7 Million in unregistered notes 12/01/2011 M Holdings Securities, Inc. of Portland, Oregon Failed to sell Corporate Bonds at a fair rate 11/30/2011 Corey Vernon Darling, Registered Rep of Anacortes, Washington Borrowed money from customers 11/30/2011 Gary Harrison Lane, Registered Rep of Reno, Nevada Took $4.93 Million from customers 11/30/2011 Kurtis Jon Linn, Registered Rep of Irvine, California Executed transactions in customers' accounts without permission 11/30/2011 Larry Alan Prelesnik, Registered Rep of Palm Desert, California Mislead customers who had variable annuities 11/30/2011 Daniel Lee Puplava, Registered Principal of Escondido, California Misappropriated signature guarantees on client's forms 11/30/2011 Krittibas Ray, Registered Rep of Albany, California Solicited investors with unregistered promissory notes 11/30/2011 Raymond James & Associates Financial Services, Inc. Will Pay $1.69 Million in Restitution for Charging Unfair Commissions 11/30/2011 Marc Duda of Geneos Wealth Management Inc. Capistrano Notes 10/10/2011 Scott Thomas Brandt, Registered Rep of Woodland Hills, CA Fined and suspended 08/31/2011 Timothy D. Camarillo, Registered Rep of San Antonio, TX Fined and suspended 08/31/2011 Robert Allen Lechman, Registered Principal of Oceanside, CA Fined and suspended 08/31/2011 Priscilla G. Sabado, Registered Rep of Irvine, CA Barred 08/31/2011 Jeffrey Ernest Willard, Registered Rep of Kirkland, WA Fined and suspended 08/31/2011 FINRA Fines Nuveen $3 Million for Use of Misleading Marketing Materials Concerning Auction Rate Securities Brochures Failed to Disclose Risks Arising From Events in Early 2008 07/31/2011 Bart Chad Christensen, Registered Rep of South Jordan, UT Barred 07/31/2011 Kevin Todd Mehlman, Registered Rep of Woodland Hills,CA Barred 07/31/2011 FINRA Charges David Lerner & Associates With Soliciting Investors to Purchase REITs Without Fully Investigating Suitability Lerner Marketed REITs on its Website With Misleading Returns 07/31/2011 NFP Securities, Inc., of Austin, TX Censured and fined 06/30/2011 Holly Ann Gunnette, Registered Rep of Riverside, CA Barred 06/30/2011 Michael Lewis Serota, Registered Principal of Englewood, CO Barred 06/30/2011 FINRA Fines UBS Financial Services $2.5 Million; Orders UBS to Pay Restitution of $8.25 Million for Omissions That Effectively Misled Investors in Sales of Lehman-Issued 100% Principal-Protection Notes Lehman Notes UPDATE 06/30/2011 Douglas Daniel Ivan, Registered Principal of Newport Beach, CA Barred 05/31/2011 FINRA Sanctions Two Firms and Seven Individuals for Selling Private Placements Without Conducting a Reasonable Investigation Medcap, Provident and DBSI UPDATE 05/31/2011 Jerrold Robin Sexton, Registered Rep of Escondido,CA Barred 05/31/2011 Mark Andrew Sibert, Registered Rep of San Diego, CA Barred 05/31/2011 Robin Bruce Davidson, Registered Principal of Santa Barbara, CA Fined and suspended 05/31/2011 Ronald Lee Gershon, Registered Rep of Sherman Oaks, CA Fined and suspended 05/31/2011 Midal Securities, LLC of Anaheim CA and World Trade Financial Corp of San Diego, CA Adams of San Diego, Brickell of Encinitas, Lee of Anaheim Hills, Michel of Spring Valley, CA 05/31/2011 Nick Nobuo Ichimaru, Registered Principal of Rancho Palos Verdes, CA Fined and suspended 05/31/2011 Pyramid Financial Corp. of Cupertino,CA and John Hsu aka Juan Hsu, Registered Principal of Cupertino, CA Fined and Suspended 05/31/2011 Brecek & Young Advisors, Inc. of Folsom, CA Censured and fined 05/31/2011 SEC Charges Subprime Auto-Loan Firm, Executives With Fraud Michael Cuomo, Kevin Mann and Melissa George of Inofin Inc. 04/14/2011 Ex-UBS adviser charged in $3.3M investment fraud Steven Kobayashi, who worked in the Walnut Creek, CA UBS office 03/04/2011 DHB Industries Charged With Accounting Fraud Company execs ignored "red flag" payments to CEO David Brooks' 03/01/2011 Mary Lynn Gilbert, Registered Principal of Mesa, AZ Suspended 02/28/2011 Robert A. Hoffmann, Registered Rep of Mesa, AZ Barred 02/28/2011 Allen Michael Kay, Registered Rep of Temecula, CA Fined and suspended 02/28/2011 Betty Lynn Saleh, Registered Rep of Agoura Hills, CA Barred 02/28/2011 Brendan W. Coughlin and Henry D. Harrison, both Registered Principals of Dallas, TX (Provident) Named as Respondents 02/28/2011 Merlin Securities, LLC of San Francisco, CA Censured and fined 02/28/2011 Andrew Keith Ackerlund, Registered Rep of Hillsboro, OR Fined and suspended 02/28/2011 Bathgate Capital Partners of Greenwood Village, CO Censured and fined 02/28/2011 Investigation focuses on Henderson-based Desert Capital Desert Capital has reported that its shares are probably worthless because of losses on real estate loans 02/28/2011 CFP Board hands down the largest number of disciplines in 3 years See Regional disciplines 02/16/2011 Torrey Pines Securities, Inc. of San Diego, CA and Nicolette Irisa Denney, Registered Principal of Temecula, CA Censured and fined 01/31/2011 Brecek & Young Advisors, Inc. of Folsom, CA Censured and fined 01/31/2011 Leonard Raymond Connell, Registered Rep of Las Vegas, NV Fined and suspended 01/31/2011 Texas Family Nailed in $68M Ponzi Scheme William Anthony Rand aka Tony Rand, of Plano - Gregory Keith Rand, of Dallas - William Nicholas Rand, of Dallas - Joel William Petersen, of Frisco 01/31/2011 Feds sue man in $14M Ponzi scheme Scott Bottolfson of Encinitas, CA 01/10/2011 California man gets 18 years in $4M Ponzi scheme William Sassman 01/07/2011 Brothers Plead Guilty To $30 Million Ponzi Scheme Matthew (Beau) and Lance La Madrid and Plus Money Premium Return Funds 01/03/2011 Current | 2010 | 2009

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