Huntleigh Advisors, Inc..

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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:
105440
This advisory affiliate is 
a Firm
an Individual
Registered:
Yes
No
Name:
DATATEX INVESTMENT
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) 
SECURITIES AND EXCHANGE COMMISSION
2.
Principal Sanction:
Cease and Desist
Other Sanctions: 
3.
Date Initiated (MM/DD/YYYY): 
02/27/2023
 Exact
 Explanation
If not exact, provide explanation:
4.
Docket/Case Number:
3-21313
5.
Advisory Affiliate Employing Firm when activity occurred which led to the regulatory action (if applicable):
6.
Principal Product Type:
Mutual Fund(s)
Other Product Types: 
MONEY MARKET & CASH SWEEP ACCOUNTSMARGIN ACCOUNTS
7.
Describe the allegations related to this regulatory action (your response must fit within the space provided):
AS SET FORTH IN THE COMMISSION'S FEBRUARY 27, 2023 ORDER INSTITUTING ADMINISTRATIVE AND CASE-AND-DESIST PROCEEDINGS, THE
COMMISSION ALLEGES THAT HAI AND DTX ("THE FIRMS") WERE SUBJECT TO AN ADMINISTRATIVE ORDER ISSUED BY THE SEC IN FEBRUARY 2023. THE
ORDER OUTLINED FAILURES TO PROVIDE FULL AND FAIR DISCLOSURE REGARDING THEIR CONFLICTS OF INTEREST ASSOCIATED WITH: (A)
COMPENSATION THE FIRMS RECEIVED BASED ON CLIENT TRANSACTION FEES; (B) REVENUE THE FIRMS' AFFILIATED BROKER-DEALER HUNTLEIGH
SECURITIES CORP. ("HSC") RECEIVED IN CONNECTION WITH ADVISORY CLIENT CASH SWEEP ACCOUNTS; AND (C) HSC'S RECEIPT OF FEES PURSUANT
TO RULE 12B-1 UNDER THE INVESTMENT COMPANY ACT OF 1940 ("12B-1 FEES") FROM CLIENTS' INVESTMENTS IN CERTAIN MUTUAL FUND SHARE
CLASSES, INCLUDING WHEN LOWER-COST, NON FEE-PAYING SHARE CLASSES WERE ALSO AVAILABLE.THE FIRMS ALSO BREACHED THEIR DUTY OF
CARE, INCLUDING THEIR DUTY TO SEEK BEST EXECUTION. LASTLY THE FIRMS ARE ALLEGED TO HAVE FAILED TO ADOPT AND IMPLEMENT WRITTEN
COMPLIANCE POLICIES AND PROCEDURES REASONABLY DESIGNED TO PREVENT VIOLATIONS OF THE ADVISERS ACT AND THE RULES THEREUNDER IN
CONNECTION WITH DISCLOSURE OF THEIR CONFLICTS OF INTEREST, BEST EXECUTION, AND MUTUAL FUND SHARE CLASS SELECTION.
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):
02/27/2023
 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: $ 893,502.00
 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 FIRMS SHALL PAY DISGORGEMENT, PREJUDGMENT INTEREST, AND A CIVIL PENALTY, TOTALING $893,502 AS FOLLOWS: (I) RESPONDENT
HUNTLEIGH SHALL PAY DISGORGEMENT OF $608,251 AND PREJUDGMENT INTEREST OF $105,251. (II) RESPONDENT HUNTLEIGH SHALL PAY A
CIVIL PENALTY OF $130,000.. (III) RESPONDENT DATATEX SHALL PAY A CIVIL PENALTY OF $50,000.
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 FEBRUARY 27, 2023, THE COMMISSION ISSUED AN ORDER ANNOUNCING THAT IT ACCEPTED RESPONDENTS' OFFER OF SETTLEMENT AS IT PERTAINS
TO THE ALLEGATIONS SET FORTH IN RESPONSE NO. 7 ABOVE. AS PART OF THE ORDER, THE COMMISSION CONCLUDED THAT HUNTLEIGH AND DATATEX
FAILED TO FULLY AND FAIRLY DISCLOSE TO THEIR ADVISORY CLIENTS CERTAIN CONFLICTS OF INTEREST ASSOCIATED WITH (I) HUNTLEIGH'S RECEIPT
OF TRANSACTION FEES THAT ADVISORY CLIENTS PAID TO HUNTLEIGH'S AFFILIATED BROKER-DEALER (HSC); (II) REVENUE SHARING PAYMENTS
HUNTLEIGH'S AFFILIATED BROKER-DEALER (HSC) RECEIVED AND SHARED WITH HUNTLEIGH FROM CLIENTS' INVESTMENTS IN CASH SWEEP VEHICLES;
(III) MUTUAL FUND SHARE CLASS SELECTION PRACTICES THAT PAID FEES TO HUNTLEIGH'S AFFILIATED BROKER-DEALER PURSUANT TO RULE 12B-1
UNDER THE INVESTMENT COMPANY ACT OF 1940 WHEN LOWER-COST SHARE CLASSES THAT DID NOT CHARGE THOSE FEES WERE SOMETIMES
AVAILABLE; AND (IV) REVENUE HUNTLEIGH'S AFFILIATED BROKER-DEALER RECEIVED AND SHARED WITH HUNTLEIGH BASED ON THE RATE OF MARGIN
INTEREST CHARGED TO ADVISORY CLIENTS. THE COMMISSION ALSO CONCLUDED THAT HUNTLEIGH AND DATATEX BREACHED THEIR DUTY OF CARE
(AND THEIR DUTY TO SEEK BEST EXECUTION) REGARDING THEIR EVALUATION OF TRANSACTION FEES CHARGED TO ADVISORY CLIENTS AND THE
SELECTION OF CASH SWEEP OPTIONS AND MUTUAL FUND SHARE CLASSES. WITHOUT ADMITTING OR DENYING THESE FINDINGS, HUNTLEIGH AND
DATATEX AGREED TO PAY DISGORGEMENT, PREJUDGMENT INTEREST, AND A CIVIL PENALTY TOTALING $893,502 AND TO COMPLY WITH CERTAIN
UNDERTAKINGS AS SET FORTH IN THE FEBRUARY 27, 2023 ORDER (A COPY OF WHICH HAS BEEN PROVIDED TO EACH AFFECTED ADVISORY CLIENT).
RESPONDENTS ALSO AGREED TO A CEASE-AND-DESIST ORDER AND CENSURE AND TO REVIEW SOME OF THEIR POLICIES AND PROCEDURES. WHILE
ACCEPTING RESPONDENTS' OFFER OF SETTLEMENT, TWO SEC COMMISSIONERS NOTED THEIR DISSENT WITH THE COMMISSION'S FINDINGS
REGARDING BREACH OF THE DUTY TO SEEK BEST EXECUTION AS IT PERTAINS TO MUTUAL FUND SHARE CLASS SELECTION STATING, AMONG OTHER
THINGS, THAT IT WAS "UNFORTUNATE THAT THE COMMISSION CHOOSES TO CREATE NOVEL REGULATORY INTERPRETATIONS THROUGH
ENFORCEMENT." THE FULL DISSENT CAN BE FOUND AT: HTTPS://WWW.SEC.GOV/NEWS/STATEMENT/PEIRCE-UYEDA-STATEMENT-HUNTLEIGH-DATATEX-
022723