Garden State Investment Advisory Services, Llc

Allegations: THE FIRM NEGLECTED TO PROPERLY REGISTER AN INVESTMENT ADVISER REPRESENTATIVE WITH THE NJ BUREAU OF SECURITIES AND PAY THE REQUIRED REGISTRATION FEES. Status: Final Sanction Detail: THE CONSENT ORDER REQUIRED THE FIRM TO CEASE AND DESIST FROM FURTHER VIOLATIONS OF THE NJ SECURITIES LAWS, PAY AN CIVIL MONETARY PENALTY OF $5,000 AND BACK REGISTRATION FEES OF $350. Summary: THE FIRM NEGLECTED TO REGISTER AN INVESTMENT ADVISER REPRESENTATIVE WITH THE NJ BUREAU OF SECURITIES WHO HAD BEEN CONDUCTED INVESTMENT ADVISORY BUSINESS IN THE STATE OF NEW JERSEY SINCE 2005.

Allegations: THE FIRM DID NOT TIMELY RESPOND TO THE INVESTMENT ADVISER RENEWAL FORM AS REQUIRED UNDER APPLICABLE NEW JERSEY LAW. Status: Final Sanction Detail: THE ORDER IMPOSED A CIVIL MONETARY PENALTY IN THE AMOUNT OF $3,000; $2,700 OF WHICH WAS SUSPENDED IF TIMELY PAID. THE $300 NON-SUSPENDED AMOUNT WAS PAID WITHIN THE 30 DAY TIME PERIOD. Summary: DUE TO THE CONSOLIDATION OF ITS CORPORTATE OFFICES,THE FIRM DID NOT FILE THE REQUIRED 2010 IA RENEWAL FORM IN A TIMELY MANNER. THE FIRM HAS FILED THE ANNUAL RENEWAL FORM FOR 2010.

Allegations: AN ASSOCIATED PERSON OF THE ADVISOR AFFILIATES COMMONLY CONTROLLED BROKER/DEALER FIRM AND ONE OF ITS ASSOCIATED PERSONS CONDUCTED SECURITIES TRANSACTIONS IN THE STATE OF ALABAMA WITHOUT THE BENEFIT OF BROKER/DEALER AND AGENT REGISTRATION IN ALABAMA. Status: Final Sanction Detail: THE ADVISOR AFFILIETD BROKER/DEALER PAID $500 AS PARTIAL REIMBURSEMENT FOR INVESTIGATIVE COSTS, AND $1,050 IN ADMINISTRATIVE ASSESSMENTS. Summary: THE AFFILIATED BROKER/DEALER AND THE ADVISORY AFFILIATES NAMED ABOVE ENTERED INTO A CONSENT ORDER WITH THE ALABMA SECURITIES COMMISSION AND PAID $500 AS PARTIAL REIMBURSEMENT FOR INVESTIGATIVE COSTS, AND $1,050 IN ADMINISTRATIVE ASSESSMENTS.