Empower Advisory Group, LLC

Includes form instructions and options. Options shown in this text do not identify which boxes were selected.

GENERAL INSTRUCTIONS
This Disclosure Reporting Page (DRP ADV) is an 
INITIAL OR
AMENDED response used to report details for affirmative responses to Items 11.C., 11.D.,
11.E., 11.F. or 11.G. of Form ADV.
Regulatory Action
Check item(s) being responded to:
11.C(1)
11.C(2)
11.C(3)
11.C(4)
11.C(5)
11.D(1)
11.D(2)
11.D(3)
11.D(4)
11.D(5)

11.E(1)
11.E(2)
11.E(3)
11.E(4)
11.F.
11.G.
Use a separate DRP for each event or proceeding . The same event or proceeding may be reported for more than one person or entity using one DRP. File
with a completed Execution Page. 
One event may result in more than one affirmative answer to Items 11.C., 11.D., 11.E., 11.F. or 11.G. Use only one DRP to report details related to the
same event. If an event gives rise to actions by more than one regulator, provide details for each action on a separate DRP.
PART I
A.  The person(s) or entity(ies) for whom this DRP is being filed is (are):
You (the advisory firm)
You and one or more of your advisory affiliates
One or more of your advisory affiliates
If this DRP is being filed for an advisory affiliate, give the full name of the advisory affiliate below (for individuals, Last name, First name, Middle name). 
If the advisory affiliate has a CRD number, provide that number. If not, indicate "non-registered" by checking the appropriate box.
ADV DRP - ADVISORY AFFILIATE
CRD
Number:
This advisory affiliate is 
a Firm
an Individual
Registered:
Yes
No
Name:
GREAT-WEST LIFE & ANNUITY
INSURANCE COMPANY
(GWL&A)
(For individuals, Last, First,
Middle)
This DRP should be removed from the ADV record because the advisory affiliate(s) is no longer associated with the adviser.
This DRP should be removed from the ADV record because: (1) the event or proceeding occurred more than ten years ago or (2) the adviser is
registered or applying for registration with the SEC or reporting as an exempt reporting adviser with the SEC and the event was resolved in the
adviser's or advisory affiliate's favor.
If you are registered or registering with a state securities authority , you may remove a DRP for an event you reported only in response to Item
11.D(4), and only if that event occurred more than ten years ago. If you are registered or registering with the SEC, you may remove a DRP for any
event listed in Item 11 that occurred more than ten years ago.
This DRP should be removed from the ADV record because it was filed in error, such as due to a clerical or data-entry mistake. Explain the
circumstances: 
B.
If the advisory affiliate is registered through the IARD system or CRD system, has the advisory affiliate submitted a DRP (with Form ADV, BD or U-4) to
the IARD or CRD for the event? If the answer is "Yes," no other information on this DRP must be provided.
 Yes
 No
NOTE: The completion of this form does not relieve the advisory affiliate of its obligation to update its IARD or CRD records.
PART II
1.  Regulatory Action initiated by:
SEC   
Other Federal   
State   
SRO
Foreign
(Full name of regulator, foreign financial regulatory authority, federal, state, or SRO) 
WASHINGTON DEPARTMENT OF INSURANCE
2.
Principal Sanction:
Civil and Administrative Penalt(ies) /Fine(s)
Other Sanctions: 
3.
Date Initiated (MM/DD/YYYY): 
10/14/2019
 Exact
 Explanation
If not exact, provide explanation:
4.
Docket/Case Number:
ORDER 21-0244
5.
Advisory Affiliate Employing Firm when activity occurred which led to the regulatory action (if applicable):

6.
Principal Product Type:
Insurance
Other Product Types: 
7.
Describe the allegations related to this regulatory action (your response must fit within the space provided):
THE STATE OF WASHINGTON OFFICE OF THE INSURANCE COMMISSIONER ("WA OIC") INITIATED A 2019 MARKET CONDUCT CONTINUUM RELATED TO
GROUP ACCIDENT AND HEALTH POLICY FILINGS IN WASHINGTON. THE WA OIC ALLEGED DEFICIENCIES RELATED TO GROUP ACCIDENT AND HEALTH
POLICY FILINGS IN WASHINGTON, COMPANY FINANCIAL RATINGS DISCLOSURES, AND TIMING OF CERTAIN INFORMATION FILINGS.
8.
Current Status?      
 Pending
 On Appeal
 Final
9.
If on appeal, regulatory action appealed to (SEC, SRO, Federal or State Court) and Date Appeal Filed:
N/A
If Final or On Appeal, complete all items below. For Pending Actions, complete Item 13 only.
10. How was matter resolved:
Consent
11. Resolution Date (MM/DD/YYYY):
06/04/2021
 Exact
 Explanation
If not exact, provide explanation:
12. Resolution Detail:
A.  Were any of the following Sanctions Ordered (check all appropriate items)?
 Monetary/Fine Amount: $ 5,000.00
 Revocation/Expulsion/Denial
 Disgorgement/Restitution
 Censure
 Cease and Desist/Injunction
 Bar
 Suspension
B.
Other Sanctions Ordered:
N/A
Sanction detail: if suspended, enjoined or barred, provide duration including start date and capacities affected (General Securities Principal,
Financial Operations Principal, etc.). If requalification by exam/retraining was a condition of the sanction, provide length of time given to
requalify/retrain, type of exam required and whether condition has been satisfied. If disposition resulted in a fine, penalty, restitution,
disgorgement or monetary compensation, provide total amount, portion levied against you or an advisory affiliate, date paid and if any portion
of penalty was waived: 
N/A
13. Provide a brief summary of details related to the action status and (or) disposition and include relevant terms, conditions and dates (your response
must fit within the space provided).
IN A CONSENT ORDER LEVYING A FINE (ORDER NO. 21-0244, EFFECTIVE 6/4/2021), GWL&A PAID A $5,000 FINE AND ACKNOWLEDGED ITS DUTY TO
COMPLY WITH THE RELEVANT STATUTORY AND REGULATORY REQUIREMENTS.

Includes form instructions and options. Options shown in this text do not identify which boxes were selected.

GENERAL INSTRUCTIONS
This Disclosure Reporting Page (DRP ADV) is an 
INITIAL OR
AMENDED response used to report details for affirmative responses to Items 11.C., 11.D.,
11.E., 11.F. or 11.G. of Form ADV.
Regulatory Action
Check item(s) being responded to:
11.C(1)
11.C(2)
11.C(3)
11.C(4)
11.C(5)
11.D(1)
11.D(2)
11.D(3)
11.D(4)
11.D(5)
11.E(1)
11.E(2)
11.E(3)
11.E(4)
11.F.
11.G.
Use a separate DRP for each event or proceeding . The same event or proceeding may be reported for more than one person or entity using one DRP. File
with a completed Execution Page. 
One event may result in more than one affirmative answer to Items 11.C., 11.D., 11.E., 11.F. or 11.G. Use only one DRP to report details related to the
same event. If an event gives rise to actions by more than one regulator, provide details for each action on a separate DRP.

PART I
A.  The person(s) or entity(ies) for whom this DRP is being filed is (are):
You (the advisory firm)
You and one or more of your advisory affiliates
One or more of your advisory affiliates
If this DRP is being filed for an advisory affiliate, give the full name of the advisory affiliate below (for individuals, Last name, First name, Middle name). 
If the advisory affiliate has a CRD number, provide that number. If not, indicate "non-registered" by checking the appropriate box.
ADV DRP - ADVISORY AFFILIATE
CRD
Number:
13109
This advisory affiliate is 
a Firm
an Individual
Registered:
Yes
No
Name:
EMPOWER FINANCIAL
SERVICES, INC.
(For individuals, Last, First,
Middle)
This DRP should be removed from the ADV record because the advisory affiliate(s) is no longer associated with the adviser.
This DRP should be removed from the ADV record because: (1) the event or proceeding occurred more than ten years ago or (2) the adviser is
registered or applying for registration with the SEC or reporting as an exempt reporting adviser with the SEC and the event was resolved in the
adviser's or advisory affiliate's favor.
If you are registered or registering with a state securities authority , you may remove a DRP for an event you reported only in response to Item
11.D(4), and only if that event occurred more than ten years ago. If you are registered or registering with the SEC, you may remove a DRP for any
event listed in Item 11 that occurred more than ten years ago.
This DRP should be removed from the ADV record because it was filed in error, such as due to a clerical or data-entry mistake. Explain the
circumstances: 
B.
If the advisory affiliate is registered through the IARD system or CRD system, has the advisory affiliate submitted a DRP (with Form ADV, BD or U-4) to
the IARD or CRD for the event? If the answer is "Yes," no other information on this DRP must be provided.
 Yes
 No
NOTE: The completion of this form does not relieve the advisory affiliate of its obligation to update its IARD or CRD records.
PART II
1.  Regulatory Action initiated by:
SEC   
Other Federal   
State   
SRO
Foreign
(Full name of regulator, foreign financial regulatory authority, federal, state, or SRO) 
U.S. SECURITIES AND EXCHANGE COMMISSION
2.
Principal Sanction:
Civil and Administrative Penalt(ies) /Fine(s)
Other Sanctions: 
DISGORGEMENT, RESTITUTION, CEASE AND DESIST, CENSURE
3.
Date Initiated (MM/DD/YYYY): 
08/29/2025
 Exact
 Explanation
If not exact, provide explanation:
4.
Docket/Case Number:
3-22157
5.
Advisory Affiliate Employing Firm when activity occurred which led to the regulatory action (if applicable):
EMPOWER FINANCIAL SERVICES, INC.
6.
Principal Product Type:
Mutual Fund(s)
Other Product Types: 
7.
Describe the allegations related to this regulatory action (your response must fit within the space provided):
THE SECURITIES AND EXCHANGE COMMISSION ("SEC") FOUND THAT, FROM JULY 1, 2019 THROUGH DECEMBER 31, 2022, CERTAIN RETIREMENT PLAN
ADVISORS OF EFSI AND EAG, ALL OF WHOM WERE BOTH REGISTERED REPRESENTATIVES ASSOCIATED WITH EFSI AND INVESTMENT ADVISER

REPRESENTATIVES ASSOCIATED WITH EAG, DID NOT SUFFICIENTLY DISCLOSE WHETHER RETIREMENT PLAN ADVISORS WERE ACTING AS A REGISTERED
REPRESENTATIVE OR AN INVESTMENT ADVISER REPRESENTATIVE WHEN RECOMMENDING THAT A PLAN PARTICIPANT ENROLL IN EAG'S MANAGED
ACCOUNT SERVICE. ADDITIONALLY, EFSI AND EAG DID NOT ADEQUATELY DISCLOSE THE CONFLICTS OF INTEREST PRESENTED BY CERTAIN INCENTIVE
COMPENSATION ARRANGEMENTS, LEADING TO MISLEADING STATEMENTS MADE TO PLAN PARTICIPANTS. FINALLY, THE SEC FOUND THAT EFSI DID NOT
ESTABLISH, MAINTAIN AND ENFORCE WRITTEN POLICIES AND PROCEDURES REASONABLY DESIGNED TO IDENTIFY AND ADDRESS CONFLICTS OF
INTEREST IN CONNECTION WITH RECOMMENDATIONS TO ENROLL IN EAG'S MANAGED ACCOUNT SERVICE. AS A RESULT, THE SEC DETERMINED THAT
EAG VIOLATED SECTION 206(2) OF THE INVESTMENT ADVISERS ACT OF 1940 ("ADVISERS ACT") AND EFSI FAILED TO COMPLY WITH THE DISCLOSURE
AND CONFLICT OF INTEREST OBLIGATIONS OF REGULATION BEST INTEREST ("REG BI"), THEREBY VIOLATING REG BI'S GENERAL OBLIGATION
(EXCHANGE ACT RULE 15L-1(A)(1)).
8.
Current Status?      
 Pending
 On Appeal
 Final
9.
If on appeal, regulatory action appealed to (SEC, SRO, Federal or State Court) and Date Appeal Filed:
If Final or On Appeal, complete all items below. For Pending Actions, complete Item 13 only.
10. How was matter resolved:
Decision & Order of Offer of Settlement
11. Resolution Date (MM/DD/YYYY):
08/29/2025
 Exact
 Explanation
If not exact, provide explanation:
12. Resolution Detail:
A.  Were any of the following Sanctions Ordered (check all appropriate items)?
 Monetary/Fine Amount: $ 1,500,000.00
 Revocation/Expulsion/Denial
 Disgorgement/Restitution
 Censure
 Cease and Desist/Injunction
 Bar
 Suspension
B.
Other Sanctions Ordered:
N/A
Sanction detail: if suspended, enjoined or barred, provide duration including start date and capacities affected (General Securities Principal,
Financial Operations Principal, etc.). If requalification by exam/retraining was a condition of the sanction, provide length of time given to
requalify/retrain, type of exam required and whether condition has been satisfied. If disposition resulted in a fine, penalty, restitution,
disgorgement or monetary compensation, provide total amount, portion levied against you or an advisory affiliate, date paid and if any portion
of penalty was waived: 
EAG WAS CENSURED; ORDERED TO CEASE AND DESIST FROM COMMITTING OR CAUSING ANY FUTURE VIOLATIONS OF ADVISERS ACT SECTION
206(2);) OF THE ADVISERS ACT THEREUNDER; ORDERED TO PAY A CIVIL MONETARY PENALTY IN THE AMOUNT OF $750,000; AND DISGORGEMENT
OF $4,063,569.80. THE FINE AND DISGORGEMENT WILL BE PAID IN ACCORDANCE WITH THE ORDER. EFSI WAS CENSURED; ORDERED TO CEASE
AND DESIST AND AGREED TO PAY A CIVIL MONETARY PENALTY OF $750,000.
13. Provide a brief summary of details related to the action status and (or) disposition and include relevant terms, conditions and dates (your response
must fit within the space provided).
ON AUGUST 29, 2025, WITHOUT ADMITTING OR DENYING THE FINDINGS, EFSI AND EAG ENTERED INTO A SETTLEMENT WITH THE SEC. EFSI AND EAG
RESPECTFULLY ACKNOWLEDGE THE SEC'S CONCERNS AND HAS UNDERTAKEN SIGNIFICANT REMEDIAL EFFORTS TO ADDRESS THE ISSUES IDENTIFIED.
THROUGHOUT THE SEC'S INVESTIGATION, EFSI AND EAG COOPERATED CONSTRUCTIVELY WITH THE SEC AND REMAIN COMMITTED TO TRANSPARENCY
AND REGULATORY COMPLIANCE. EFSI AND EAG WILL ADDRESS SANCTIONS IN ACCORDANCE WITH THE SETTLEMENT.

Includes form instructions and options. Options shown in this text do not identify which boxes were selected.

GENERAL INSTRUCTIONS
This Disclosure Reporting Page (DRP ADV) is an 
INITIAL OR
AMENDED response used to report details for affirmative responses to Items 11.C., 11.D.,
11.E., 11.F. or 11.G. of Form ADV.
Regulatory Action
Check item(s) being responded to:
11.C(1)
11.C(2)
11.C(3)
11.C(4)
11.C(5)
11.D(1)
11.D(2)
11.D(3)
11.D(4)
11.D(5)
11.E(1)
11.E(2)
11.E(3)
11.E(4)
11.F.
11.G.
Use a separate DRP for each event or proceeding . The same event or proceeding may be reported for more than one person or entity using one DRP. File
with a completed Execution Page. 

One event may result in more than one affirmative answer to Items 11.C., 11.D., 11.E., 11.F. or 11.G. Use only one DRP to report details related to the
same event. If an event gives rise to actions by more than one regulator, provide details for each action on a separate DRP.
PART I
A.  The person(s) or entity(ies) for whom this DRP is being filed is (are):
You (the advisory firm)
You and one or more of your advisory affiliates
One or more of your advisory affiliates
If this DRP is being filed for an advisory affiliate, give the full name of the advisory affiliate below (for individuals, Last name, First name, Middle name). 
If the advisory affiliate has a CRD number, provide that number. If not, indicate "non-registered" by checking the appropriate box.
ADV DRP - ADVISORY AFFILIATE
No Information Filed
This DRP should be removed from the ADV record because the advisory affiliate(s) is no longer associated with the adviser.
This DRP should be removed from the ADV record because: (1) the event or proceeding occurred more than ten years ago or (2) the adviser is
registered or applying for registration with the SEC or reporting as an exempt reporting adviser with the SEC and the event was resolved in the
adviser's or advisory affiliate's favor.
If you are registered or registering with a state securities authority , you may remove a DRP for an event you reported only in response to Item
11.D(4), and only if that event occurred more than ten years ago. If you are registered or registering with the SEC, you may remove a DRP for any
event listed in Item 11 that occurred more than ten years ago.
This DRP should be removed from the ADV record because it was filed in error, such as due to a clerical or data-entry mistake. Explain the
circumstances: 
B.
If the advisory affiliate is registered through the IARD system or CRD system, has the advisory affiliate submitted a DRP (with Form ADV, BD or U-4) to
the IARD or CRD for the event? If the answer is "Yes," no other information on this DRP must be provided.
 Yes
 No
NOTE: The completion of this form does not relieve the advisory affiliate of its obligation to update its IARD or CRD records.
PART II
1.  Regulatory Action initiated by:
SEC   
Other Federal   
State   
SRO
Foreign
(Full name of regulator, foreign financial regulatory authority, federal, state, or SRO) 
ARIZONA CORPORATION COMMISSION
2.
Principal Sanction:
Cease and Desist
Other Sanctions: 
3.
Date Initiated (MM/DD/YYYY): 
09/09/2025
 Exact
 Explanation
If not exact, provide explanation:
4.
Docket/Case Number:
S-21383A-26-0024
5.
Advisory Affiliate Employing Firm when activity occurred which led to the regulatory action (if applicable):
6.
Principal Product Type:
Other
Other Product Types: 
INVESTMENT ADVISORY SERVICES
7.
Describe the allegations related to this regulatory action (your response must fit within the space provided):
FROM SEPTEMBER 2023 THROUGH AUGUST 2025, AN INVESTMENT ADVISER REPRESENTATIVE, WHO WAS LICENSED IN OTHER JURISDICTIONS,
PROVIDED ADVISORY SERVICES TO CERTAIN CLIENTS, INCLUDING CLIENTS IN ARIZONA, BEFORE OBTAINING ARIZONA LICENSURE.
8.
Current Status?      
 Pending
 On Appeal
 Final
9.
If on appeal, regulatory action appealed to (SEC, SRO, Federal or State Court) and Date Appeal Filed:

If Final or On Appeal, complete all items below. For Pending Actions, complete Item 13 only.
10. How was matter resolved:
Order
11. Resolution Date (MM/DD/YYYY):
03/10/2026
 Exact
 Explanation
If not exact, provide explanation:
12. Resolution Detail:
A.  Were any of the following Sanctions Ordered (check all appropriate items)?
 Monetary/Fine Amount: $ 10,000.00
 Revocation/Expulsion/Denial
 Disgorgement/Restitution
 Censure
 Cease and Desist/Injunction
 Bar
 Suspension
B.
Other Sanctions Ordered:
Sanction detail: if suspended, enjoined or barred, provide duration including start date and capacities affected (General Securities Principal,
Financial Operations Principal, etc.). If requalification by exam/retraining was a condition of the sanction, provide length of time given to
requalify/retrain, type of exam required and whether condition has been satisfied. If disposition resulted in a fine, penalty, restitution,
disgorgement or monetary compensation, provide total amount, portion levied against you or an advisory affiliate, date paid and if any portion
of penalty was waived: 
THE SANCTION RESULTED IN A $10,000 ADMINISTRATIVE PENALTY TO THE STATE OF ARIZONA, WHICH WAS PAID ON 3/19/2026.
13. Provide a brief summary of details related to the action status and (or) disposition and include relevant terms, conditions and dates (your response
must fit within the space provided).
IN MARCH 2026, EMPOWER ADVISORY GROUP, LLC ENTERED INTO A CONSENT ORDER WITH THE ARIZONA CORPORATION COMMISSION RELATED TO
AN ADMINISTRATIVE OVERSIGHT INVOLVING THE LICENSING STATUS OF AN INVESTMENT ADVISER REPRESENTATIVE (DOCKET #: S-21383A-26-0024,
EFFECTIVE 3/10/2026). THE MATTER DID NOT INVOLVE ANY ALLEGATIONS OF CLIENT HARM OR MISCONDUCT BEYOND THE LICENSING ISSUE.
EMPOWER IDENTIFIED THE ISSUE AND IMPLEMENTED CORRECTIVE MEASURES TO STRENGTHEN ITS COMPLIANCE PROCESSES, INCLUDING
IMPROVEMENTS TO THE MONITORING AND RECONCILIATION OF REPRESENTATIVE LICENSING AND CLIENT ADDRESS DATA. WITHOUT ADMITTING OR
DENYING THE FINDINGS (EXCEPT AS TO JURISDICTION), EMPOWER CONSENTED TO THE ORDER, AGREED TO CEASE AND DESIST FROM FURTHER
VIOLATIONS, AND PAID A $10,000 ADMINISTRATIVE PENALTY TO THE STATE OF ARIZONA.

Includes form instructions and options. Options shown in this text do not identify which boxes were selected.

GENERAL INSTRUCTIONS
This Disclosure Reporting Page (DRP ADV) is an 
INITIAL OR
AMENDED response used to report details for affirmative responses to Items 11.C., 11.D.,
11.E., 11.F. or 11.G. of Form ADV.
Regulatory Action
Check item(s) being responded to:
11.C(1)
11.C(2)
11.C(3)
11.C(4)
11.C(5)
11.D(1)
11.D(2)
11.D(3)
11.D(4)
11.D(5)
11.E(1)
11.E(2)
11.E(3)
11.E(4)
11.F.
11.G.
Use a separate DRP for each event or proceeding . The same event or proceeding may be reported for more than one person or entity using one DRP. File
with a completed Execution Page. 
One event may result in more than one affirmative answer to Items 11.C., 11.D., 11.E., 11.F. or 11.G. Use only one DRP to report details related to the
same event. If an event gives rise to actions by more than one regulator, provide details for each action on a separate DRP.
PART I
A.  The person(s) or entity(ies) for whom this DRP is being filed is (are):
You (the advisory firm)
You and one or more of your advisory affiliates
One or more of your advisory affiliates
If this DRP is being filed for an advisory affiliate, give the full name of the advisory affiliate below (for individuals, Last name, First name, Middle name). 
If the advisory affiliate has a CRD number, provide that number. If not, indicate "non-registered" by checking the appropriate box.

ADV DRP - ADVISORY AFFILIATE
CRD
Number:
3150331
This advisory affiliate is 
a Firm
an Individual
Registered:
Yes
No
Name:
Dorney, Keith, Richard
(For individuals, Last, First,
Middle)
CRD
Number:
6407822
This advisory affiliate is 
a Firm
an Individual
Registered:
Yes
No
Name:
WHITE, THOMAS
(For individuals, Last, First,
Middle)
This DRP should be removed from the ADV record because the advisory affiliate(s) is no longer associated with the adviser.
This DRP should be removed from the ADV record because: (1) the event or proceeding occurred more than ten years ago or (2) the adviser is
registered or applying for registration with the SEC or reporting as an exempt reporting adviser with the SEC and the event was resolved in the
adviser's or advisory affiliate's favor.
If you are registered or registering with a state securities authority , you may remove a DRP for an event you reported only in response to Item
11.D(4), and only if that event occurred more than ten years ago. If you are registered or registering with the SEC, you may remove a DRP for any
event listed in Item 11 that occurred more than ten years ago.
This DRP should be removed from the ADV record because it was filed in error, such as due to a clerical or data-entry mistake. Explain the
circumstances: 
B.
If the advisory affiliate is registered through the IARD system or CRD system, has the advisory affiliate submitted a DRP (with Form ADV, BD or U-4) to
the IARD or CRD for the event? If the answer is "Yes," no other information on this DRP must be provided.
 Yes
 No
NOTE: The completion of this form does not relieve the advisory affiliate of its obligation to update its IARD or CRD records.
PART II
1.  Regulatory Action initiated by:
SEC   
Other Federal   
State   
SRO
Foreign
(Full name of regulator, foreign financial regulatory authority, federal, state, or SRO) 
THE STATE OF NORTH CAROLINA DEPARTMENT OF THE SECRETARY OF STATE SECURITIES DIVISION
2.
Principal Sanction:
Cease and Desist
Other Sanctions: 
3.
Date Initiated (MM/DD/YYYY): 
01/26/2026
 Exact
 Explanation
If not exact, provide explanation:
4.
Docket/Case Number:
26SEC026
5.
Advisory Affiliate Employing Firm when activity occurred which led to the regulatory action (if applicable):
6.
Principal Product Type:
Other
Other Product Types: 
INVESTMENT ADVISORY SERVICES
7.
Describe the allegations related to this regulatory action (your response must fit within the space provided):
FROM JULY 2024 THROUGH DECEMBER 17, 2025, ONE OR MORE INVESTMENT ADVISER REPRESENTATIVES, WHO WERE LICENSED IN OTHER
JURISDICTIONS, PROVIDED ADVISORY SERVICES TO CERTAIN CLIENTS, INCLUDING CLIENTS IN NORTH CAROLINA, BEFORE OBTAINING NORTH
CAROLINA LICENSURE.
8.
Current Status?      
 Pending
 On Appeal
 Final
9.
If on appeal, regulatory action appealed to (SEC, SRO, Federal or State Court) and Date Appeal Filed:

If Final or On Appeal, complete all items below. For Pending Actions, complete Item 13 only.
10. How was matter resolved:
Order
11. Resolution Date (MM/DD/YYYY):
06/24/2026
 Exact
 Explanation
If not exact, provide explanation:
12. Resolution Detail:
A.  Were any of the following Sanctions Ordered (check all appropriate items)?
 Monetary/Fine Amount: $ 10,000.00
 Revocation/Expulsion/Denial
 Disgorgement/Restitution
 Censure
 Cease and Desist/Injunction
 Bar
 Suspension
B.
Other Sanctions Ordered:
Sanction detail: if suspended, enjoined or barred, provide duration including start date and capacities affected (General Securities Principal,
Financial Operations Principal, etc.). If requalification by exam/retraining was a condition of the sanction, provide length of time given to
requalify/retrain, type of exam required and whether condition has been satisfied. If disposition resulted in a fine, penalty, restitution,
disgorgement or monetary compensation, provide total amount, portion levied against you or an advisory affiliate, date paid and if any portion
of penalty was waived: 
THE SANCTION RESULTED IN A $10,000 ADMINISTRATIVE PENALTY LEVIED AGAINST EMPOWER TO THE NORTH CAROLINA DEPARTMENT OF THE
SECRETARY OF STATE, WHICH WAS PAID IN FULL BY EMPOWER ON 6/24/26.
13. Provide a brief summary of details related to the action status and (or) disposition and include relevant terms, conditions and dates (your response
must fit within the space provided).
IN JUNE 2026, EMPOWER ADVISORY GROUP, LLC AND TWO OF ITS INVESTMENT ADVISORY REPRESENTATIVES ENTERED INTO A CONSENT ORDER WITH
THE NORTH CAROLINA DEPARTMENT OF THE SECRETARY OF STATE, SECURITIES DIVISION, RELATED TO INADVERTENT GAPS IN THE IARS' NORTH
CAROLINA REGISTRATIONS. (CASE #: 26SEC026, EFFECTIVE 6/24/2026). THE MATTER DID NOT INVOLVE ANY ALLEGATIONS OF CLIENT HARM OR
MISCONDUCT BEYOND THE LICENSING ISSUE. EMPOWER IDENTIFIED THE ISSUE AND IMPLEMENTED CORRECTIVE MEASURES TO STRENGTHEN ITS
COMPLIANCE PROCESSES, INCLUDING IMPROVEMENTS TO THE MONITORING AND RECONCILIATION OF REPRESENTATIVE LICENSING AND CLIENT
ADDRESS DATA. WITHOUT ADMITTING OR DENYING THE FINDINGS (EXCEPT AS TO JURISDICTION), EMPOWER CONSENTED TO THE ORDER, AGREED TO
CEASE AND DESIST FROM FURTHER VIOLATIONS, AND PAID A $10,000 ADMINISTRATIVE PENALTY TO THE NORTH CAROLINA DEPARTMENT OF THE
SECRETARY OF STATE.