Ibn Financial Services, Inc.

Allegations: ON SEVERAL OCCASIONS FROM DECEMBER 2015 THROUGH SEPTEMBER 2016 THE FIRM CONDUCTED SECURITIES BUSINESS WHILE FAILING TO MAINTAIN ITS REQUIRED MINIMUM NET CAPITAL Status: Final Sanction Detail: FINE OF $15,000.00. FIRM HAS REQUESTED AN INSTALLMENT PAYMENT PLAN. Summary: WE DID NOT KNOW WE HAD TO ACCRUE SOME OF THE FIRMS EXPENSES. THESE EXPENSES WERE PAID PERSONALLY BY THE OWNER OF THE FIRM. UPON REVIEW WE REALIZED THAT THESE HAD TO BE PAID BY THE FIRM. AT NO TIME WAS ANY CLIENT OR EMPLOYEE IN JEOPARDY.

Allegations: BETWEEN JUNE 8, 2018, AND JUNE 29, 2018, IBN NEGLIGENTLY OMITTED TO TELL EIGHT INVESTORS IN TWO OFFERINGS RELATED TO GPB CAPITAL HOLDINGS, LLC (GPB CAPITAL) THAT THE ISSUER FAILED TO TIMELY MAKE REQUIRED FILINGS WITH THE SECURITIES AND EXCHANGE COMMISSION,INCLUDING FILING AUDITED FINANCIAL STATEMENTS. THIS CONSITUTES A VIOLATION OF FINRA RULE 2010. Status: Final Sanction Detail: FINE $45,000.00 PARTIAL RESTITUTION (DISGORGEMENT) $32,385.00 TO PAID ACCORDING TO ACCEPTED INSTALLMENT PAYMENT PLAN Summary: THE FIRM'S DESIGNATED PRINCIPAL INADVERTENTLY FAILED TO TIMELY OPEN AND REVIEW AN E-MAIL FROM THE INVESTMENT PRODUCT SPONSOR THAT CONTAINED INFORMATION ABOUT A DELAY IN THE ISSUER'S MAKING OF REQUIRED FILINGS WITH THE SEC. AS SUCH, THE FIRM AND ITS REPRESENTATIVES DID NOT HAVE ACTUAL KNOWLEDGE OF THE DELAY IN THE REQUIRED FILINGS AT THE TIME OF THE EIGHT SALES TO CLIENTS REFERENCED IN THE AWC.

Allegations: THE FIRM FAILED TO ESTABLISH, MAINTAIN, AND ENFORCE A SUPERVISORY SYSTEM, INCLUDING WSPS, REASONABLY DESIGNED TO ENSURE IT EVALUATED WHETHER ITS REGISTERED PERSONS PROPOSED OBAS CONSTITUTED OUTSIDE SECURITIES ACTIVITIES. THAT TWO OF ITS REGISTERED REPRESENTATIVES WERE ENGAGED IN OBAS THAT INVOLVED INVESTMENT FUNDS AND PRIVATE PLACEMENT OFFERINGS, BUT DID NOT EVALUATE WHETHER THE ACTIVITY CONSTITUTED AN OUTSIDE SECURITIES ACTIVITY. NONE OF THE INVESTORS WERE FIRM CUSTOMERS Status: Final Sanction Detail: FIRM WAS CENSURED AND FINED #30,000. Summary: THE FIRM IS PAYING ACCORDING TO APPROVED PLAN AND HAS TERMINATED ASSOCIATION WITH THE SUBJECT INDIVIDUALS.

Allegations: THE DEPARTMENT ALLEGED THAT THE FIRM FAILED TO REASONABLY SUPERVISE IT'S AGENT WHOSE CONTINUED REGISTRATION IN PENNSYLVANIA WAS SUBJECT TO A PLAN OF HEIGHTENED SUPERVISION. Status: Final Sanction Detail: ADMINISTRATIVE ASSESSMENT OF $10000.00 PAID 07/01/2014 INVESTIGATIVE AND LEGAL COSTS OF $5000.00 PAID 07/01/2014 Summary: IBN ENTERED INTO THE SUBJECT CONSENT ORDER IN LIEU OF LITIGATION, WITHOUT ADMITTING OR DENYING THE ALLEGATIONS.

Allegations: RESPONDENT VIOLATION REGULATION S-2016-01, 3-1(3) FOR FAILING TO HAVE AT LEAST ONE AGENT REGISTERED IN THE STATE OF VERMONT. Status: Final Sanction Detail: THE FIRM AS FINED $2,000 BY THE STATE OF VERMONT. Summary: THE FIRM PAID THE FINE ASSOCIATED WITH THE NON-SALES PRACTICE ISSUES.

Allegations: MISREPRESENTATION. FAILURE TO DISCLOSE THAT SELLER CONTINUED TO OWN THE PENSIONS AND COULD STOP THE BENEFIT PAYMENTS BEING MADE TO THE INVESTOR. Status: Final Sanction Detail: DISGORGEMENT OF $13035.29 IN COMMISSIONS EARNED. BARRED FOR A PERIOD OF FIVE YEARS FROM SELLING, MARKETING, BROKERING, OR SOLICITING, WITHIN NEW YORK STATE OR TO NEW YORK STATE RESIDENTS, ANY SECONDARY MARKET PENSION OR SIMILAR INVESTMENTS. Summary: APPLICANT IS TO PAY NY AG IN EQUAL MONTHLY INSTALLMENTS FOR A PERIOD OF 6 MONTHS FOR BOTH THE FINE AND DISGORGEMENT FEES.