Aptus Financial Llc

Allegations: IN APRIL 2021, APTUS NOTICE FILED IN PENNSYLVANIA AS AN SEC-REGISTERED ADVISOR. APTUS EXCEEDED A DE MINIMIS NUMBER OF CLIENTS IN PENNSYLVANIA IN APRIL 2020 WHEN IT ADDED ITS 6TH CLIENT IN THE STATE AND SHOULD HAVE REGISTERED, OR NOTICE FILED, IN PENNSYLVANIA AT THAT TIME. ON JUNE 7, 2021, THE PENNSYLVANIA DEPARTMENT OF BANKING AND SECURITIES ISSUED AN ORDER CITING APTUS FOR FAILURE TO NOTICE FILE IN PENNSYLVANIA IN VIOLATION OF SECTION 301(F) OF THE PENNSYLVANIA SECURITIES ACT OF 1972 AND LEVIED AN ADMINISTRATIVE ASSESSMENT. Status: Final Sanction Detail: THE PENNSYLVANIA DEPARTMENT OF BANKING AND SECURITIES LEVIED AN ADMINISTRATIVE ASSESSMENT OF $5,000 AGAINST APTUS ON JUNE 7, 2021, WHICH APTUS PAID VIA MONEY ORDER JUNE 11, 2021. Summary: APTUS, IN LIEU OF LITIGATION, AND WITHOUT ADMITTING OR DENYING THE ALLEGATIONS, AGREED TO THE TERMS OF THE CONSENT AGREEMENT AND ORDER AND PAID AN ADMINISTRATIVE ASSESSMENT.

Allegations: IN APRIL 2021, APTUS NOTICE FILED IN VIRGINIA AS AN SEC-REGISTERED ADVISOR. PRIOR TO APRIL 2021, APTUS WAS REGISTERED IN THE STATE OF ARKANSAS. THE COMMONWEALTH OF VIRGINIA ALLEGED THAT APTUS EXCEEDED A DE MINIMIS NUMBER OF CLIENTS IN VIRGINIA IN 2019 BY ADDING A 6TH CLIENT IN THE STATE AND SHOULD HAVE REGISTERED, OR NOTICE FILED, IN VIRGINIA AT THAT TIME. ON JANUARY 24, 2022, THE VIRGINIA STATE CORPORATION COMMISSION'S DIVISION OF SECURITIES AND RETAIL FRANCHISING ISSUED A SETTLEMENT ORDER ALLEGING APTUS'S FAILURE TO REGISTER IN VIRGINIA IN VIOLATION OF SECTIONS 13.1-504 (A) AND 13.1-504 (C) OF THE VIRGINIA SECURITIES ACT AND LEVIED AN ADMINISTRATIVE ASSESSMENT. APTUS, WITHOUT ADMITTING OR DENYING THE ALLEGATIONS, AGREED TO THE TERMS OF THE SETTLEMENT ORDER. Status: Final Sanction Detail: VIRGINIA STATE CORPORATION COMMISSION'S DIVISION OF SECURITIES AND RETAIL FRANCHISING LEVIED AN ADMINISTRATIVE ASSESSMENT OF $6,000, WHICH APTUS PAID PRIOR TO THE FILING OF THE ORDER. Summary: APTUS, WITHOUT ADMITTING OR DENYING THE ALLEGATIONS, AGREED TO THE TERMS OF THE SETTLEMENT ORDER AND PAID AN ADMINISTRATIVE ASSESSMENT. THE ORDER WAS FILED 1/24/2022.

Allegations: IN APRIL 2021, APTUS NOTICE FILED IN OHIO AS AN SEC-REGISTERED ADVISOR. PRIOR TO APRIL 2021, APTUS WAS REGISTERED IN THE STATE OF ARKANSAS. THE STATE OF OHIO ALLEGED THAT APTUS EXCEEDED A DE MINIMIS NUMBER OF CLIENTS IN OHIO IN 2019 BY ADDING A 6TH CLIENT IN THE STATE AND SHOULD HAVE REGISTERED, OR NOTICE FILED, IN OHIO AT THAT TIME. ON JUNE 2, 2023, THE STATE OF OHIO DEPARTMENT OF COMMERCE DIVISION OF SECURITIES ISSUED A CEASE AND DESIST ORDER WITH CONSENT AGREEMENT FINDING APTUS'S FAILURE TO REGISTER IN VIRGINIA IN VIOLATION OF OHIO R.C. 1707.141(A)(4) AND 1707.44(A)(2). THE CONSENT AGREEMENT INCLUDED THE DISGORGEMENT OF FEES EARNED BEFORE PROPER LICENSURE. Status: Final Sanction Detail: APTUS AGREED TO THE TERMS OF THE CEASE AND DESIST ORDER AND CONSENT AGREEMENT, INCLUDING A DISGORGMENT OF $28,625 IN FEES EARNED FROM 13 OHIO CLIENTS OVER TWO YEARS BEFORE PROPER LICENSURE. APTUS MAILED THE CHECKS, REPRESENTING DISGORGED FEES, TO CLIENTS 05/23/2023. Summary: APTUS AGREED TO THE TERMS OF THE TERMS OF THE CEASE AND DESIST ORDER AND CONSENT AGREEMENT. THE AGREEMENT WAS SIGNED BY BOTH PARTIES 06/02/2023.