Zidel Financial, Inc.

Allegations: THE FLORIDA OFFICE OF FINANCIAL REGULATION DETERMINED THAT ZIDEL FINANCIAL HAD NOT TIMELY FILED REQUIRED FINANCIAL STATEMENTS FOR 2009, 2010, AND 2011. Status: Final Sanction Detail: $3,000 PAID WITH FINAL ORDER. Summary: ZIDEL FINANCIAL PAID ADMINISTRATIVE FINES OF $3000 AND SIGNED A FINAL ORDER, NEITHER ADMITTING NOR DENYING THE FINDINGS.

Allegations: STATE OF FLORIDA DETERMINED THAT ZIDEL FINANCIAL: 1) DID NOT SEND INVOICES TO CUSTOMERS AT THE TIME OF FEE DEDUCTION FROM CUSTOMER ACCOUNTS BETWEEN JANUARY 1, 2014 AND JULY 25, 2014, THEREBY CREATING CUSTODY OF CLIENT FUNDS; AND 2) DID NOT TIMELY UPDATE FORM ADV TO INCLUDE THE PREVIOUS REGULATORY ACTION 0653-S7/12 BY THE STATE OF FLORIDA FOR FAILING TO TIMELY FILE REQUIRED FINANCIAL STATEMENTS, AND BECAUSE OF ITEM 1, HAD NOT CORRECTLY INDICATED CUSTODY OF CLIENT FUNDS ON FORM ADV PART 1A, ITEM 9.A. Status: Final Sanction Detail: TOTAL FINE OF $13,000 PAID TO STATE OF FLORIDA Summary: ZIDEL FINANCIAL ACCEPTS THE FINDINGS OF THE FLORIDA OFFICE OF FINANCIAL REGULATION, WITHOUT ADMITTING OR DENYING THE FINDINGS, FOR THE PURPOSE OF RESOLVING THE ADMINISTRATIVE ACTION.