Nationwide Securities, Llc

Allegations: NATIONWIDE ACCEPTS AND CONSENTS WITHOUT ADMITTING OR DENYING THE ALLEGATIONS BY THE NASD OF VIOLATION OF NASD RULE 2110, SEC RULE 15C3-1, AND SEC RULE 15C3-3. Status: Final Sanction Detail: $2,000.00 BY NW Summary: NATIONWIDE ACCEPTS AND CONSENTS WITHOUT ADMITTING OR DENYING THE ALLEGATIONS BY THE NASD OF VIOLATION OF NASD RULE 2110, SEC RULE 15C3-1, AND SEC RULE 15C3-3, $2,000.00 BY NW

Allegations: PRIOR TO NATIONWIDES ACQUISITION OF PEBSCO SECURITIES CORPORATION , NOW NATIONWIDE INVESTMENT SERVICES CORP., NASD ALLEDGED PEBSCO FAILED TO KEEP CERTAIN BOOKS AND RECORDS PURSUANT TO SEC 17A-3 & 17A-4, FAILURE TO SUBMIT ACCURATE 1981 ASSESSMENT REPORT, FILING OF AN INACCURATE FOCUS REPORT. Status: Final Sanction Detail: PEBSCO WAS ORDERED TO SUBMIT NEW FOCUS REPORT AND RECORDS Summary: PRIOR TO NATIONWIDES ACQUISITION OF PEBSCO SECURITIES CORPORATION , NOW NATIONWIDE INVESTMENT SERVICES CORP., NASD ALLEDGED PEBSCO FAILED TO KEEP CERTAIN BOOKS AND RECORDS PURSUANT TO SEC 17A-3 & 17A-4, FAILURE TO SUBMIT ACCURATE 1981 ASSESSMENT REPORT, FILING OF AN INACCURATE FOCUS REPORT. PEBSCO WAS ORDERED TO SUBMIT NEW FOCUS REPORT AND RECORDS

Allegations: NISC ACCEPTS AND CONSENTS WITHOUT ADMITTING OR DENYING THE ALLEGATIONS BY THE NASD OF VIOLATION OF NASD RULE 2110, SEC RULE 15C3-1. Status: Final Sanction Detail: $2,000.00 BY NISC Summary: NISC ACCEPTS AND CONSENTS, WITHOUT ADMITTING OR DENYING THE ALLEGATIONS TO THE ENTRY OF FINDINGS BY NASD THAT THE FIRM FAILED TO MAINTAIN THE MINIMUM REQUIRED NET CAPITAL, IN VIOLATION OF NASD CONDUCT RULE 2110 AND SEC RULE 15C3-1.

Allegations: WITHOUT ADMITTING OR DENYING THE ALLEGATIONS, THE NASD FOUND THAT NSI FAILED TO REVISE OR DISCONTINUE CERTAIN ADVERTISINFG OR SALES LITERATURE UPON RECEIVING SUGGESTED REVISIONS FROM THE NASD ADVERTISING DEPARTMENT AND FAILED TO SEEK TO OBTAIN APPROPRIATE APPROVALS PRIOR TO THE DISTRIBUTION OF CERTAIN ADVERTISING OR SALES LITERATURE. Status: Final Sanction Detail: MONETARY SANCTION (FINE) OF $175,000.00 LEVIED AGAINST NISC AND NSI. SUCH AMOUNT WAS PAID IN FULL BY NISC ON 06/02/2004 (CHECK NUMBER 8560001592). NSI DID NOT CONTRIBUTE TO THE PAYMENT OF THIS MONETARY SANCTION. NO PORTION OF THE PENALTY WAS WAIVED. Summary: WITHOUT ADMITTING OR DENYING THE ALLEGATIONS, THE NASD FOUND THAT NSI FAILED TO REVISE OR DISCONTINUE CERTAIN ADVERTISING OR SALES LITERATURE UPON RECEIVING SUGGESTED REVISIONS FROM THE NASD ADVERTISING DEPARTMENT AND FAILED TO SEEK TO OBTAIN APPROPRIATE APPROVALS PRIOR TO THE DISTRIBUTION OF CERTAIN ADVERTISING OR SALES LITERATURE. MONETARY SANCTION (FINE) OF $175,000.00 LEVIED AGAINST NISC AND NSI. SUCH AMOUNT WAS PAID IN FULL BY NISC ON 06/02/2004 (CHECK NUMBER 8560001592). NSI DID NOT CONTRIBUTE TO THE PAYMENT OF THIS MONETARY SANCTION. NO PORTION OF THE PENALTY WAS WAIVED.

Allegations: DURING AN UPGRADE DESIGNED TO SYCHRONIZE AND RECONCILE TWO INTERNAL LICENSING/REGISTRATION SYSTEMS, NSI DISCOVERED AND SELF DISCLOSED THAT IT HAD INADVERTENTLY FILED TO RENEW THE REGISTRATION OF FIVE PA AGENTS, DUE TO ADMINISTRATIVE ERROR. Status: Final Sanction Detail: PAID ON 7/23/2002 BY NSI. Summary: DURING AN UPGRADE DESIGNED TO SYNCHRONIZE AND RECONCILE TWO INTERNAL LICENSING/REGISTRATION SYSTEMS, NSI DISCOVERED AND SELF DISCLOSED THAT IT HAD INADVERTENTLY FILED TO RENEW THE REGISTRATION OF FIVE PA AGENTS, DUE TO ADMINISTRATIVE ERROR. PAID 2,339.00 IN REGISTRATION FEES AND 500.00 LEGAL COSTS.

Allegations: NSI FORMERLY NATIONWIDE ADVISORY SERVICES, INC. WAS ORDERED TO CEASE AND DESIST SELLING UNREGISTERED SHARES OF NATIONWIDE TAX-FREE FUND. NSI REGISTERED THE SHARES AND NO FINE WAS PAID. Status: Final Sanction Detail: NONE Summary: THE UNREGISTERED SALE RESULTED FROM A LAPSE OF OHIO REGISTRATION OF THE FUND. THE FUND WAS REGISTERED IN OHIO, NO FINE WAS ISSUED IN CONNECTION WITH THE ORDER.

Allegations: TRANSACTION BY THE FIRM ON BEHALF OF IOWA RESIDENT PRIOR TO BECOMING LICENSED IN IOWA AS A BROKER DEALER Status: Final Sanction Detail: $250.00 FINE Summary: TRANSACTION BY THE FIRM ON BEHALF OF IOWA RESIDENT PRIOR TO BECOMING LICENSED IN IOWA AS A BROKER DEALER. $50.00 FINE

Allegations: THE PENNSYLVANIA SECURITIES COMMISSION ALLEGED THAT A MARGINAL NUMBER OF SECURITIES TRANSACTIONS WERE PROCESSED BY NATIONWIDE SECURITIES, INC. DUE TO ADMINISTRATIVE LICENSING ERRORS WHICH ALLOWED TWO REGISTERED REPRESENTATIVES TO RECEIVE A MINIMAL AMOUNT OF COMMISSIONS. Status: Final Sanction Detail: $75,000.00 ADMINISTRATIVE ASSESSMENT PAID BY NATIONWIDE SECURITIES INC. ON 3/19/2004. $1500.00 INVESTIGATIVE AND LEGAL COSTS PAID BY NATIONWIDE SECURITIES INC. ON 3/19/2004. Summary: NSI SIGNED A CONSENT ORDER AGREEING TO PAY $75,000.00 TO THE COMMONWEALTH OF PENNSYLVANIA FOR ALLEGEDLY ALLOWING A MARGINAL NUMBER OF SECURITIES TRANSACTIONS TO BE PROCESSED IMPROPERLY DUE TO INTERNAL LICENSING SYSTEM DISCREPANCIES BETWEEN FEBRUARY 1999 AND OCTOBER 2003.

Allegations: OPERATION OF BRANCHES WITHOUT THE BENEFIT OF REGISTRATION UNDER CHAPTER 517 OF FLORIDA STATUES Status: Final Sanction Detail: $80,000.00 PAID BY THE FIRM ON 10/15/2001 Summary: OPERATION OF BRANCHES WITHOUT THE BENEFIT OF REGISTRATION UNDER CHAPTER 517 OF FLORIDA STATUES. $80,000.00 PAID BY THE FIRM ON 10/15/2001

Allegations: THE FIRM ENTERED INTO A CONSENT DECREE FOR VIOLATIONS OF SECTIONS OF 36-B-6 OF THE CT SECURITIES LAW. Status: Final Sanction Detail: CONSENTED TO PAY $25,000.00 AND DEVELOP SUPERVISORY GUIDELINES Summary: THE FIRM ENTERED INTO A CONSENT DECREE FOR VIOLATIONS OF SECTIONS OF 36-B-6 OF THE CT SECURITIES LAW. CONSENTED TO PAY $25,000.00 AND DEVELOP SUPERVISORY GUIDELINES

Allegations: NASD ALLEGED VIOLATIONS OF (I)NASD BYLAWS, ARTICLE V, SECTIONS 2 AND 3 AND (II)NASD CONDUCT RULES 2110, 3010 AND 3070 IN CONNECTION WITH VARIOUS DISCLOSURE FILINGS THAT WERE ALLEGED TO HAVE BEEN MADE BEYOND THE DUE DATE. Status: Final Sanction Detail: FINE OF $30,750.00 AGAINST NATIONWIDE SECURITIES, INC. DATE PAYMENT MAILED 02/14/2006

Allegations: INSURANCE COMMISSIONER BELIEVES CONTROL AFFILIATE'S SALES PROCESS DID NOT INCLUDE AN ADEQUATE INDEPENDENT REVIEW OF THE RECOMMENDATIONS OF CONTROL AFFILIATE'S ANNUITIES BY THE NON-INSURANCE LICENSED INVESTMENT ADVISER OR AN ADEQUATE INDEPENDENT ANALYSIS OF CONSUMER'S INSURANCE NEEDS OR FINANCIAL OBJECTIVES AT THE TIME OF THE TRANSACTION. Status: Final Sanction Detail: CONTROL AFFILIATE TO PAY $150,000.00 PURSUANT TO INSTRUCTIONS OF INVOICE TO BE SENT BY THE DEPARTMENT OF INSURANCE. CONTROL AFFILIATE AGREED TO REIMBURSE CONSUMER FOR SURRENDER CHARGES IN THE AMOUNT OF $14,342.82.

Allegations: DURING AN ONSITE EXAM IN A NATIONWIDE SECURITIES, LLC (NSLLC) BRANCH OFFICE LOCATED IN WEST WARWICK, RHODE ISLAND ON JUNE 20, 2016, THE SECURITIES DIVISION OF RHODE ISLAND DEPARTMENT OF BUSINESS REGULATION DISCOVERED THE USE OF A BUSINESS CARD CONTAINING AN UNAPPROVED DESIGNATION THAT HAD PREVIOUSLY BEEN DISAPPROVED BY NATIONWIDE. NSLLC RECEIVED A CONSENT AGREEMENT FROM RHODE ISLAND WITH AN ADMINISTRATIVE PENALTY OF $5,000. NSLLC HAS AGREED TO EXECUTE THE CONSENT AGREEMENT AND PAY THE FINE. Status: Final Sanction Detail: FINE, IN THE AMOUNT OF $5,000.00, WAS PAID BY NSLLC ON OCTOBER 28, 2016.

Allegations: NATIONWIDE LIFE INSURANCE COMPANY WAS NOT IN FULL COMPLIANCE WITH THE SEC RULE 22C-1 OF THE INVESTMENT COMPANY ACT. Status: Final Sanction Detail: NATIONWIDE LIFE INSURANCE COMPANY, WITHOUT ADMITTING OR DENYING THE FINDINGS, CONSENTED TO A SECURITIES AND EXCHANGE COMMISSION ORDER FOR VIOLATING SEC RULE 22C-1 OF THE INVESTMENT COMPANY ACT WITH RESPECT TO ITS PROCESSING OF PURCHASE AND REDEMPTION ORDERS FOR VARIABLE CONTRACTS BY CONTROLLING THE TIME OF RECEIPT FOR FIRST CLASS MAIL CONTAINING SUCH ORDER. (SEC RELEASE NO. 31601: MAY 14, 2015) Summary: A FINE WAS PAID TO THE SECURITIES AND EXCHANGE COMMISSION IN MAY 2015.