Vaughan And Company Securities, Inc.

Allegations: LATE FILING OF FOCUS Status: Final Sanction Detail: FINE PAID WHEN REQUESTED Summary: PREVIOUS B/D DRP DE-REGISTERED AS B/D IN 2020.

Allegations: UPON AUDIT THE NASD DETERMINED THAT WE HAD CONDUCTED A SECURITIES BUSINESS WHILE UNDER CAPITALIZED AS DEFINED BY THE NET CAPITAL RULES. IN ADDITION, THE NASD DETERMINED THAT WE HAD FAILED TO KEEP A GENERAL LEDGER. Status: Final Sanction Detail: CONSENTED TO FINDINGS AND PAID FINE. Summary: PREVIOUS B/D DRP DE-REGISTERED AS B/D IN 2020.

Allegations: VAUGHAN & CO. ACTING THROUGH JAMES D.VAUGHAN, III, ALLOWED JAMES D. VAUGHAN, JR. TO ACT AS A GENERAL SECURITIES PRINCIPAL OF THE FIRM, WHILE FAILING TO HAVE REGISTERED IN SUCH CAPACITY. VAUGHAN & CO. ACTING THROUGH JAMES D. VAUGHAN, III, FAILED TO MAINTAIN WRITTEN SUPERVISORY PROCEDURES MANDATING THAT VAUGHAN & CO. COMPLETE AN ANNUAL TRAINING NEEDS ANALYSIS, DEVELOP A WRITTEN TRAINING PLAN AND IMPLEMENT SUCH PLAN, FAILED TO COMPLETE AN ANNUAL TRAINING NEEDS ANALYSIS, FAILING TO DEVELOP A WRITTEN TRAINING PLAN AND FAILING TO IMPLEMENT A WRITTEN TRAINING PLAN; FAILED TO MAINTAIN WRITTEN SUPERVISORY PROCEDURES, OR ADEQUATE SUPERVISORY PROCEDURES, DESCRIBING ITS METHOD OF SUPERVISION REGARDING VARIOUS SIGNIFICANT AREAS OF ITS BUSINESS OPERATIONS, INCLUDING: (1) RECEIPT AND FORWARDING OF CUSTOMER CHECKS MADE PAYABLE TO THE CLEARING FIRM; (2) CONTINUING EDUCATION; (3) ANNUAL COMPLIANCE MEETINGS; (4) PRIVATE SECURITIES TRANSACTIONS; (5) CUSTOMER RECOMMENDATIONS AND SUITABILITY; (6) PERIODIC REVIEW OF CUSTOMER ACCOUNTS; (7) REVIEW OF CUSTOMER TRANSACTIONS; (8) MUTUAL FUNDS AND VARIABLE ANNUTIES - INCLUDING SALES PRACTICES WITH REGARD TO THESE BUSINESS LINES; (9) OUTSIDE BUSINESS ACTIVITIES; (10) MUNICIPAL SECURITIES MARK-UPS/MARK-DOWNS; (11) SUITABILITY REQUIREMENTS FOR MUNICIPAL SECURITIES; AND (12) COMPLIANCE WITH MSRB G-37 AND G-38. Status: Final Sanction Detail: FINE WILL BE PAID UPON BILLING. Summary: PREVIOUS B/D DRP DE-REGISTERED AS B/D IN 2020.

Allegations: MARYLAND REVOCKED OUR LICENSE FOR FAILURE TO HAVE ANY LICENSED AGENTS IN MARYLAND. Status: Final Sanction Detail: STATE OF MARYLAND REVOKED OUR LICENSE FOR FAILURE TO HAVE ANY LICENSED AGENTS IN MARYLAND. UPON APPLICATION FROM VAUGHAN AND CO SECURITIES, INC., MARYLAND REVOKED THEIR ORDER OF REVOCATION AND ACCEPTED OUR REQUEST TO WITHDRAW FROM MARYLAND. Summary: UPON APPLICATION FROM VAUGHAN & CO. SECURITIES, INC.,MARYLAND VACATED THEIR ORDER OF REVOCATION AND ACCEPTED OUR REQUEST TO WITHDRAW FROM MARYLAND.