Money Concepts Capital Corp

Allegations: CLAIMANT ALLEGE THAT REPRESENTATIVE, SHELLY SMITH, MADE CERTAIN NEGLIGENT MISREPRESENTATION INDUCING CLAIMANT TO PURCHASE UNSUITABLE STOCKS AND MUTUAL FUNDS. CLAIMANT IS ALLEGING THAT MONEY CONCEPTS CAPITAL CORP. HAS BREACHED ITS FIDUCIARY DUTIES. Status: Pending Summary: SHELLY SMITH AND MONEY CONCEPTS CAPITAL CORP. INTENDS TO VIGOROUSLY DEFEND THIS CASE. THE EVIDENCE IS UNEQUIVOCAL THAT THE SUBJECT INVESTMENTS WERE SUITABLE WHEN MADE AND CONSISTENT WITH CLAIMANTS STATED INVESTMENT OBJECTIVE.

Allegations: NEGLIGENCE, FRAUD, ILLEGALITY, FRAUDULENT INDUCEMENT, NEGLIGENT MISREPRESENTATION, UNSUITABILITY AND BREACH OF CONTRACT. Status: Pending Summary: 11-03-2010 DRP FILED IN ERROR. THIS IS A CONSUMER INITIATED COMPLAINT AND NOT ELIGIBLE FOR BD DISCLOSURE. PLEASE ARCHIVE OR DELETE. THANK YOU. PLAINTIFFS ARE ALLEGING THAT DEFENDANTS, KURT BARKS, MONEY CONCEPTS, HARTFORD LIFE INSURANCE, MICHAEL GRAY & GRAY & ASSOCIATES (CPA) REPRESENTED TO THEM THAT THEY COULD INVEST AND TAX DEDUCT VERY LARGE ANNUAL AMOUNTS OF PRETAX INVESTMENT DOLLARS INTO A LEGITIMATE TAX STRATEGY FOUNDED ON TAX LAW INCLUDING IRS CODE 419(I). IN ADDITION TO THE 419(I) PLAN'S TAX BENEFITS, THE PLAINTIFFS ARE ALLEGING THAT THE 419 PLAN LIFE INSURANCE WAS AN UNSUITABLE. PLAINTIFFS ARE ALLEGING FRAUD, FRAUDULENT INDUCEMENT AND NEGLIGENT MISREPRESENTATION AND BREACH OF CONTRACT. THERE IS NO DOLLAR AMOUNT OF LOSSES SITED IN CLAIM.

Allegations: PLAINTIFF IS ALLEGING NEGLIGENT MISREPRESENTATION, COMMON LAW FRAUD, CIVIL CONSPIRACY AND BREACH OF FIDUCIARY DUTY. Status: Pending Summary: 11-03-2010 DRP FILED IN ERROR. THIS IS A CONSUMER INITIATED COMPLAINT AND NOT ELIGIBLE FOR BD DISCLOSURE. PLEASE ARCHIVE OR DELETE. THANK YOU. ALTHOUGH NOT YET PROPERLY SERVED ON THIS CIVIL LITIGATION, FIRM HAS BECOME AWARE THAT FILING HAS BEEN MADE IN THE COURT OF FRANKLIN COUNTY, OHIO. PLAINTIFF POWER MARKETING DIRECT, INC. ("PMD") IS ALLEGING THAT DEFENDANT'S CRAIG SUTHERLAND (RR), MONEY CONCEPTS (APPLICANT), HARTFORD LIFE INSURANCE CO., ECI PENSION SERVICES LLC AND ECONOMIC CONCEPTS, INC. PLACED PMD INTO A PENSION PLAN, KNOWN AS A 412(I) PLAN THAT THE US IRS HAS CHARACTERIZED AS INVALID. PMD ALLEGES THAT DEFENDANTS REPRESENTED THAT THE PLAN WOULD PROVIDE THEM AND THEIR EMPLOYEES WITH FAVORABLE TAX TREATMENT. BECAUSE PMD ESTABLISHED THE PLAN FBO OF ITS EMPLOYEES, THEY ARE ALLEGING THAT THEY WILL BE RESPONSIBLE FOR ANY TAX PAYMENTS, PENALTIES OR INTEREST ASSESSED BY THE IRS. PMD IS ALLEGING NEGLIGENT MISREPRESENTATION, COMMON LAW FRAUD, CIVIL CONSPIRACY AND BREACH OF FIDUCIARY DUTY. THIS DEFINED BENEFIT WAS INVESTED IN HARTFORD WHOLE LIFE CONTRACTS AND HARTFORD FIXED ANNUITIES. PMD IS ALLEGING THAT THE COST TO THEM WILL BE IN EXCESS OF $1,000,000. PMD SEEKS REIMBURSEMENT FROM DEFENDANTS FOR ANY AND ALL LOSSES IT SUFFERS AS A RESULT OF THE DEFENDANT'S CONDUCT IN RECOMMENDING AND PLACING THEM INTO AN INVALID PENSION PLAN. CRAIG SUTHERLAND (RR) AND MONEY CONCEPTS (APPLICANT) DENY THESE ALLEGATIONS AND PLAN TO VIGOROUSLY DEFEND THEMSELVES.

Allegations: CLAIMANTS ALLEGED NEGLIGENCE AND BREACH OF DUTY BY THE FIRM IN CONNECTION WITH ALLEGED UNSUITABLE INVESTMENT RECOMMENDATIONS BY A PRINCIPAL OF A THIRD PARTY INVESTMENT ADVISER. CLAIMANTS SEEK TO RECOEVER $250,000 IN DAMAGES, REPRESENTING IN PART THE UNPAID BALANCE OF A JUDGEMENT AGAINST THRID PARTY INVESTMENT ADVISER AND ITS PRINCIPALS. Status: Final Summary: CLAIMANTS PREVIOUSLY OBTAINED A CONFESSION OF JUDGEMENT AGAINST 3RD PARTY INVESTMENT ADVISER AND ITS PRINCIPALS, WHO WERE INDEPENDENT CONTRACTOR REGISTERED REPRESENTATIVES OF THE FIRM. CLAIMANTS SEEK TO RECOVER THE UNPAID AMOUNT OF THE JUDGEMENT ON CLAIMS THAT APPLICANT WAS NEGLIGENT OR BREACHED LEGAL DUTIES BY REASON OF WHICH UNSUITABLE INVESTMENTS WERE RECOMMENDED. THE FIRM DENIES THE ALLEGATIONS.

Allegations: CLIENTS OF BANKRUPT THIRD PARTY INVESTMENT ADVISER ALLEGES NEGLIGENCE OR BREACH OF DUTY BY APPLICANT IN CONNECTION WITH ALLEGED MISAPPROPRIATION OF ASSETS BY A DECEASSED PRINCIPAL OF THE THIRD PARTY ADVISER. CLAIMANTS SEEK RECOVERY OF ALLEGED DAMAGES IN EXCESS OF $1,015,341 JOINTLY AND SEVERALLY FROM SEVERAL PARTIES INCLUDING THE FIRM. Status: Final Summary: THIS ACTION WAS RESOLVED, AND TERMINATED, AS PART OF A CONSOLIDATED CLASS ACTION ENTITLED FRANK D BURKE, ET AL V. MONEY CONCEPTS FINANCIAL PLANNING CENTERS, ET AL, CONSOL. CASE NO 1:98CV2087, U.S.D.C. N.D. OHIO, IN WHICH THE CLAIMANTS IN THIS MATTER BECAME CLASS CLAIMANTS. REGISTRANT WAS ONE OF SEVERAL FINANCIAL INSTITUTIONS THAT CONTRIBUTED TO A TOTAL CLASS SETTLEMENT FUND OF $6513,638. THE COURT-APPROVED SETTLEMENT PROVIDED FOR DISTRIBUTION OF SETTLEMENT FUNDS AMONG CLASS CLAIMANTS IN ACCORDANCE WITH AGREEMENTS AND ORDERS. THE SETTLEMENT HAS BEEN COMPLETED. ALL CLAMINS AGAINST THE REGISTRANT WERE RELEASED. THIS AND ALL OTHER RELATED LITIGATION INVOLVING REGISTRANT HAS BEEN DISMISSED WITH PREJUDICE. THERE WERE NO FINDINGS AS TO REGISTRANT IN ANY OF THE LITIGATION, AND REGISTRANT PARTICIPATED IN THE SETTLEMENT WITHOUT ACKNOWLEDGING ANY FAULT OR LIABILITY.

Allegations: CLIENTS OF BANKRUPT THIRD PARTY INVESTMENT ADVISER ALLEGES NEGLIGENCE OR BREACH OF DUTY BY APPLICANT IN CONNECTION WITH ALLEGED MISAPPROPRATION OF ASSETS BY A DECEASED PRINCIPAL OF THE THIRD PARTY ADVISER. CLAIMANTS SEEK RECOVERY OF ALLEGED DAMAGES OF $1,450,000 JOINTLY AND SEVERALLY FROM SEVERAL PARTIES INCLUDING THE FIRM. Status: Final Summary: THIS ACTION WAS RESOLVED, AND TERMINATED, AS PART OF A CONSOLIDATED CLASS ACTION ENTITLED FRANK D BURKE, ET AL. V. MONEY CONCEPTS FINANCIAL PLANNING CENTERS, ET AL, CONSOL. CASE NO. 1:98CV2087, U.S.D.C. N.D. OHIO, IN WHICH THE CLAIMANTS IN THIS MATTER BECAME CLASS CLAIMANTS. REGISTRANT WAS ONE OF SEVERAL FINANCIAL INSTITUTIONS THAT CONTRIBUTED TO A TOTAL CLASS SETTLEMENT FUND OF $6,513,638. THE COURT-APPROVED SETTLEMENT PROVIDED FOR DISTRIBUTION OF SETTLEMENT FUNDS AMOUNG CLASS CLAIMANTS IN ACCORDANCE WITH AGREEMENTS AND ORDERS. THE SETTLEMENT HAS BEEN COMPLETED. ALL CLAIMS AGAINST THE REGISTRANT WERE RELEASED. THIS AND ALL OTHER RELATED LITIGATION INVOLVING REGISTRANT HAS BEEN DISMISSED WITH PREJUDICE. THERE WERE NO FINDINGS AS TO REGISTRANT IN ANY OF THE LITIGATION, AND REGISTRANT PARTICIPATED IN THE SETTLEMENT WITHOUT ACKNOWLEDGING ANY FAULT OR LIABILITY.

Allegations: CLAIMANT ALLEGE THAT REPRESENTATIVE, MURAD ZIKRI, MADE CERTAIN MATERIAL MISREPRESENTATION INDUCING THEM TO PURCHASE FOUR VARIABLE UNIVERSAL LIFE INSURANCE POLICIES. THE OUT OF POCKET LOSSES INCLUDE THE LOSE OF THE FIRST YEAR ANNUAL PREMIUM PAYMENT OF $14,142.70 FOR THE POLICIES. CLAIMANT SEEKS TO RECOVER OF ALLEGED DAMAGES IN THE AMOUNT OF $10,000,000. Status: Final Summary: MURAS ZIKRI AND MONEY CONCEPTS INTENDS TO VIGOROUSLY DEFEND THIS CASE IN THAT IT BELIEVES THAT THERE IS NO WRONGDOING BY ANY DEFENDANT. THE EVIDENCE IS UNEQUIVOCAL THAT THE SUBJECT INVESTMENT WERE SUITABLE WHEN MADE AND CONSISTENT WITH THE HADDAD STATED INVESTMENT OBJECTIVE. THE HADDADS ATTENDED SEVERAL SEMINARS SPONSORED BY INVESTMENT COMPANY. AT THESE SEMINARS, THE HADDADS WERE PROVIDED ADDITIONAL PROSPECTUSES AND MATERIAL FOR THEIR REVIEW.

Allegations: CLIENTS OF BANKRUPT THIRD PARTY INVESTMENT ADVISER ALLEGES NEGLIGENCE OR BREACH OF DUTY BY APPLICANT IN CONNECTION WITH ALLEGED MISAPPROPRIATION OF ASSETS BY DECEASED PRINCIPAL OF THE THIRD PARTY ADVISER. CLAIMANTS SEEK RECOVERY OF ALLEGED DAMAGES OF $95,000 JOINTLY AND SEVERALLY FROM SEVERAL PARTIES INCLUDING THE FIRM. Status: Final Summary: CLAIMANTS SEEK TO IMPOSE LIABILITY ON THE FIRM AND OTHERS FOR ALLEGED ACTS AND CONDUCT OF A DECEASED INDIVIDUAL WHO OPERATED A THIRD PARTY INVESTMENT ADVISER, AND WHO WAS DURING THE RELEVANT PERIOD AN INDEPENDENT CONTRACTOR REGISTERED REPRESENTATIVE OF APPLICANT. THE FIRM DENIES ANY LIABILITY AND ALL ALLEGATIONS THAT IT WAS NEGLIGENT OR BREACHED ANY LEGAL DUTY TO CLAIMANT THAT PROXIMATELY CAUSED THE MISAPPROPRIATION OF ASSETS.

Allegations: CLIENT OF BANKRUPT THIRD PARTY INVESTMENT ADVISER ALLEGES NEGLIGENCE OR BREACH OF DUTY BY APPLICANT IN CONNECTION WITH ALLEGED MISAPPROPRIATION OF ASSETS BY A DECEASED PRINCIPAL OF THE THIRD PARTY ADVISER. CLAIMANT SEEKS RECOVERY OF ALLEGED DAMAGES OF $80,000 JOINTLY AND SEVERALLY FROM SEVERAL PARTIES INCLUDING THE FIRM. Status: Final Summary: CLAIMANT SEEKS TO IMPOSE LIABILITY ON THE FIRM AND OTHERS FOR ALLEGED ACTS AND CONDUCT OPF A DECEASED INDIVIDUAL WHO OPERATED A THIRD PARTY INVESTMENT ADVISER, AND WHO WAS DURING THE RELEVANT PERIOD AN INDEPENDENT CONTRACTOR REGISTERED REPRESENTATIVE OF APPLICANT. THE FIRM DENIES ANY LIABILITY, AND ALL ALLEGATIONS THAT IT WAS NEGLIGENT OR BREACHED ANY LEGAL DUTY TO CLAIMANT THAT PROXIMATELY CAUSED THE MISAPPROPRIATION OF ASSETS.

Allegations: CLIENT OF BANKRUPT THIRD PARTY INVESTMENT ADVISER ALLEGES NEGLIGENCE OR BREACH OF DUTY BY APPLICANT IN CONNECTION WITH ALLEGED MISAPPROPRIATION OF ASSETS BY A DECEASED PRINCIPAL OF THE THIRD PARTY ADVISER. CLAIMANT SEEK RECOEVERY OF ALLEGED DAMAGES FO $78,000 JOINTLY AND SEVERALLY FROM SEVERAL PARTIES INCLUDING THE FIRM. Status: Final Summary: CLAIMANT SEEK TO IMPOSE LIABILITY ON THE FIRM AND OTHERS ACTS AND CONDUCT OF A DECEASED INDIVIDUAL WHO OPERATED A THIRD PARTY INVESTMENT ADVISER, AND WHO WAS DURING THE RELEVANT PERIOD AN INDEPENDENT CONTRACTOR REGISTERED REPRESENTATIVE OF APPLICANT. THE FIRM DENIES ANY LAIBILITY, AND ALL ALLEGATIONS THAT IT WAS NEGLEGENT OR BREACHED ANY LEGAL DUTY TO CLAIMANT THAT PROXIMATELY CAUSED THE MISAPPROPRIATION OF ASSETS.

Allegations: CLIENT OF BANKRUPT THIRD PARTY INVESTMENT ADVISER ALLEGES NEGLIGENCE OR BREACH OF DUTY BY APPLICANT IN CONNECTION WITH ALLEGED MISAPPROPRIATION OF ASSETS BY A DECEASED PRINCIPAL OF THE THIRD PARTY ADVISER. CLAIMANT SEEK RECOVERY OF ALLEGED DAMAGES OF $72,000 JOINTLY AND SEVERALLY FROM SEVERAL PARTIES INCLUDING THE FIRM. Status: Final Summary: CLAIMANT SEEK TO IMPOSE LIABILITY ON THE FIRM AND OTHERS FOR ALLEGED ACTS AND CONDUCT OF A DECEASED INDIVIDUAL WHO OPERATED A THIRD PARTY INVESTMENT ADVISER, AND WHO WAS DURING THE RELEVANT PERIOD AN INDEPENDENT CONTRACTOR REGISTERED REPRESENTATIVE OF APPLICANT. THE FRIM DENIES ANY LIABILITY, AND ALL ALLEGATIONS THAT IT WAS NEGLIGENT OR BREACHED ANY LEGAL DUTY TO CLAIMANT THAT PROXIMATELY CAUSED THE MISAPPROPRIAITON OF ASSETS.

Allegations: CLIENT OF BANKRUPT THIRD PARTY INVESTMENT ADVISER ALLEGES NEGLIGENCE OR BREACH OF DUTY BY APPLICANT IN CONNECTION WITH ALLEGED MISAPPROPRIATION OF ASSETS BY A DECEASED PRINCIPAL OF THE THIRD PARTY ADVISER. CLAIMANT SEEK RECOVERY OF ALLEGED DAMAGES OF $99,000 JOINTLY AND SEVERALLY FROM SEVERAL PARTIES INCLUDING THE FIRM. Status: Final Summary: ALL CLAIMS DISMISSED WITH NO ADMISSION OR FINDING OF LIABILITY. PLAINTIFFS' COMPLAINT AND ALL OTHER PENDING CLIAMS IN THE WITHIN ACTION WERE DISMISSED, WITH PREJUDICE.

Allegations: CLIENT OF BANKRUPT THIRD PARTY INVESTMENT ADVISER ALLEGES NEGLIGENCE OR BREACH OF DUTY BY APPLICANT IN CONNECTION WITH ALLEGED MISAPPROPRIATION OF ASSETS BY A DECEASED PRINCIPAL OF THE THIRD PARTY ADVISER. CLAIMANT SEEKS RECOVERY OF ALLEGED DAMAGES OF $40,000 JOINTLY AND SEVERALLY FROM SEVERAL PARTIES INCLUDING THE FIRM. Status: Final Summary: CLAIMANT SOUGHT TO IMPOSE LIABILITY ON THE FIRM AND OTHERS FOR ALLEGED ACTS OF CONDUCT OF A DECEASED INDIVIDUAL WHO OPERATED A THIRD PARTY INVESTMENT ADVISOR, AND WHO WAS DURING THE RELEVANT PERIOD AN INDEPENDENT CONTRACTOR REGISTERED REPRESENTATIVE OF THE APPLICANT. THE FIRM DENIES ANY LIABILITY, AND ALL ALLEGATIONS THAT IT WAS NEGLIGENT OR BREACHED ANY LEGAL DUTY TO CLAIMANT THAT PROXIMATELY CAUSED THE MISAPPROPRIATION OF ASSETS. PRIVATE PLAINTIFF MATTER; DRP FILED IN ERROR.

Allegations: ALLEGING MONEY CONCEPTS CAPITAL CORP. IS VICARIOUSLY RESPONSIBLE FOR AN ALLEGED SALE OF A SECURITY (PROMISSORY NOTE) BY AN OFF-SITE INDEPENDENT CONTRACTOR. Status: Final Summary: "DRP FILED IN ERROR"

Allegations: MONEY CONCEPTS CAPITAL COPR. FALIED TO TIMELY REPOT FIVE CUSTOMER-RELATED MATTERS DISCLOSABLE UNDER NASD CONDUCT RULE 3070 AND FAILED TO TIMELY AMEND FORMS U-4 FOR SIX REGISTERED REPRESENTATIVES TO REPORT SIX DISCLOSABLE CUSTOMER MATTERS AND ONE FORM U-5 TO REPORT A DISCLOSABLE CUSTOMER-RELATED MATTER. Status: Final Sanction Detail: MONEY CONCEPTS WAS ORDERED TO PAY $13,5OO.OO FINE TO FINRA AND CENSURED FOR LATE FILINGS OF FORM U-4 DISCLOSURES. Summary: MONEY CONCEPTS CAPITAL COPR. FALIED TO TIMELY REPOT FIVE CUSTOMER-RELATED MATTERS DISCLOSABLE UNDER NASD CONDUCT RULE 3070 AND FAILED TO TIMELY AMEND FORMS U-4 FOR SIX REGISTERED REPRESENTATIVES TO REPORT SIX DISCLOSABLE CUSTOMER MATTERS AND ONE FORM U-5 TO REPORT A DISCLOSABLE CUSTOMER-RELATED MATTER.

Allegations: FAILURE TO FILE IFS CAPITAL'S FINANCIAL CONDITION REPORT WITHIN THE 60 DAY FILING PERIOD. Status: Final Sanction Detail: IFS CAPITAL ENTERED A STIPULATION TO ENTER CONSENT ORDER OF CENSURE. IFS CAPITAL RECEIVED A CONSENT ORDER OF CENSURE WHEREBY, WE RESOLVED THE MATTER WITHOUT FORMAL HEARING; WE ADMITTED TO THE JURISIDICTION OF THE SECRETARY OF STATE OF IL AND CONSENTED TO THE ENTRY OF THE CONSENT ORDER; WE SUBMIT TO THE SECRETARY OF STATE A NORTARIZED AFFIDAVIT SUBSCRIBING THE STEPS AND PROCEDURES IMPLEMENTED TO PREVENT SIMILIAR VIOLATIONS OF THE ACT. THE FORMAL HEARING ON THE MATTER WAS VACATED WITHOUT FURTHER PROCEDDING. Summary: IFS CAPITAL ENTERED A STIPULATION TO ENTER CONSENT ORDER OF CENSURE. IFS CAPITAL RECEIVED A CONSENT ORDER OF CENSURE WHEREBY, WE RESOLVED THE MATTER WITHOUT FORMAL HEARING; WE ADMITTED TO THE JURISDICTION OF THE SECRETARY OF STATE OF IL AND CONSENTED TO THE ENTRY OF THE CONSENT ORDER; WE SUBMIT TO THE SECRETARY OF STATE A NORTARIZED AFFIDAVIT SUBSCRIBING THE STEPS AND PROCEDURES IMPLEMENTED TO PREVENT SIMILIAR VIOLATIONS OF THE ACT. THE FORMAL HEARING ON TEH MATTER WAS VACATED WITHOUT FURTHER PROCEDDING.

Allegations: FAILURE TO FILE IFS CAPITAL'S FINANCIAL CONDITION REPORT WITHIN THE 60 DAY FILING PERIOD. Status: Final Sanction Detail: IFS CAPITAL ENTERED A STIPULATION TO ENTER CONSENT ORDER OF CENSURE. IFS CAPITAL RECEIVED A CONSENT ORDER OF CENSURE WHEREBY, WE RESOLVED THE MATTER WITHOUT FORMAL HEARING; WE ADMITTED TO THE JURISIDICTION OF THE SECRETARY OF STATE OF IL AND CONSENTED TO THE ENTRY OF THE CONSENT ORDER; WE SUBMIT TO THE SECRETARY OF STATE A NORTARIZED AFFIDAVIT SUBSCRIBING THE STEPS AND PROCEDURES IMPLEMENTED TO PREVENT SIMILIAR VIOLATIONS OF THE ACT. THE FORMAL HEARING ON THE MATTER WAS VACATED WITHOUT FURTHER PROCEDDING. Summary: IFS CAPITAL ENTERED A STIPUTLATION TO ENTER CONSENT ORDER OF CENSURE. IFS CAPITAL RECEIVED A CONSENT ORDER OF CENSURE WHEREBY, WE RESOLVED THE MATTER WITHOUR FORMAL HEARING; IFS ADMITTED TO THE JURISIDICATION OF THE SECRETARY OF STATE OF IL AND CONSENTED TO THE ENTRY O FTHE CONSENT ORDER; IFS SUBMIT TO THE SECRETARY OF STATE A NORTARIZED AFFIDAVIT SUBSCRIBING THE STEPS AND PROCEDURES IMPLEMENTED TO PREVENT SIMILIAR VIOLATIONS OF THE ACT. THE FORMAL HEARING ON THE MATTER VACATED WITHOUT FURTURE PROCEDDING.

Allegations: REIT'S SOLD IN AMOUNTS GREATER THAN 10 PERCENT OF CLIENTS LNW, VIOLATING PROSPECTUS GUIDELINES. Status: Final Sanction Detail: MONEY CONCEPTS CAPITAL CORP. VOLUNTARILY ENTERED INTO A CONSENT AGREEMENT WITH THE OHIO DIVISION OF SECURITIES. THE FIRM AGREED TO OFFER RESCISSION/RESTITUTION TO OHIO INVESTORS IDENTIFIED AS HAVING BEEN SOLD REITS IN EXCESS OF OHIO'S 10 PERCENT LIQUID NET WORTH CONCENTRATION LIMIT. TOTAL AMOUNT NOT YET KNOWN.

Allegations: THE STATE OF TEXAS ALLEGED THAT MONEY CONCEPTS CAPITAL CORP. HAD FAILED TO FULLY COMPLY WITH RULE 115.1(S) WHICH REQUIRES ALL OFFICES IN TEXAS OF A REGISTERED SECURITIES DEALER WHERE RECORDS ARE MAINTAINED OR THE SUPERVISION OF REGISTERED PERSONS TAKE PLACE MUST BE REGISTERED AS A BRANCH OFFICE WITH THE STATE. Status: Final Sanction Detail: WHILE MONEY CONCEPTS CAPITAL CORP. HAD REGISTERED ALL REPRESENTATIVES WITH THE NASD, MONEY CONCEPTS CAPITAL CORP. FAILED TO REGISTER EACH OFFICE AS A BRANCH OFFICE. MONEY CONCEPTS CAPITAL CORP. PAID AN ADMINISTRATIVE FINE IN THE AMOUNT OF $2,500. MONEY CONCEPTS CAPITAL CORP. IMMEDIATELY REGISTERED ALL OFFICES THAT MET THE DEFINITION UNDER RULE 115.1(S) AS A BRANCH OFFICE. MONEY CONCEPTS CAPITAL CORP. FURTHER REVIEWED THE INTERNAL COMPLIANCE SYSTEM TO INSURE ITS COMPLIANCE WITH TEXAS STATE OPERATIONS.

Allegations: MONEY CONCEPTS CAPITAL CORP. D/B/A MONEY CONCEPTS ADVISORY SERVICE OPENED A SINGLE ACCOUNT IN THE DYNAMIC ASSET ALLOCATION SERVICE TO A CLIENT IN CONNECTICUT BEFORE REGISTERED IN CONNECTICUT AS AN INVESTMENT ADIVSOR AS REQUIRED BY CONNECTICUT SECTION 36-474 (C) OF THE ACT. Status: Final Sanction Detail: MONEY CONCEPTS AGREED TO REVIEW WSPS AND COMPLIANCE PROCEDURES TO DETECT AND PREVENT VIOLATIONS OF THE CT UNIFORM SECURITIES ACT AS REQUIRED BY SECTION 36-474(C).

Allegations: FAILURE TO FILE IFS CAPITAL'S FINANCIAL CONDITION REPORT WITHIN THE 60 DAY FILING PERIOD. Status: Final Sanction Detail: IFS CAPITAL ENTERED A STIPULATION TO ENTER CONSENT ORDER OF CENSURE. IFS CAPITAL RECEIVED A CONSENT ORDER OF CENSURE WHEREBY, WE RESOLVED THE MATTER WITHOUT FORMAL HEARING; WE ADMITTED TO THE JURISIDICTION OF THE SECRETARY OF STATE OF IL AND CONSENTED TO THE ENTRY OF THE CONSENT ORDER; WE SUBMIT TO THE SECRETARY OF STATE A NORTARIZED AFFIDAVIT SUBSCRIBING THE STEPS AND PROCEDURES IMPLEMENTED TO PREVENT SIMILIAR VIOLATIONS OF THE ACT. THE FORMAL HEARING ON THE MATTER WAS VACATED WITHOUT FURTHER PROCEDDING.

Allegations: NON-COMPLIANCE WITH HEIGHTENED SUPERVISION OF INDIVIDUAL REGISTERED IN THE STATE OF KENTUCKY. Status: Final Sanction Detail: THE VOLUNTARY $5000 CONTRIBUTION TO THE INVESTOR PROTECTION TRUST WAS PAID ON JULY 23, 2008.

Allegations: UNLICENSED INVESTMENT REPRESENTATIVE Status: Final Sanction Detail: A LETTER OF CAUTION WAS GIVEN TO US AS WELL AS A $7000.00 FINE. 8/2/06 Summary: MR. ABULENCIA IS THE ONLY IAR WE HAVE LICENSED IN THE STATE OF NEVADA. WE WHERE UNAWARE OF THE STATES BRANCH REQUIREMENTS SINCE HE DID NOT HAVE OR SOLICIT CLIENTS WHILE LOCATED AT THIS BRANCH. MR. ABULENCIA MOVED FROM THE STATE OF CALAFORNIA WHERE ALL OF HIS ADVISORY CLIENTS RESIDE TO THE STATE OF NEVADA. THE LACK OF REGISTRATION IN THE STATE OF NEVADA WAS MERELY DUE TO THE MISUNDERSTANDING OF THE IAR REQUIREMENTS.

Allegations: FAILED TO COMPLY WITH NH REQUIREMENT FOR A DESIGNATED PRINCIPAL. Status: Final Sanction Detail: REFRAIN FROM FURTHER VIOLATIONS.