Oriental Financial Services 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
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) 
FINANCIAL INDUSTRY REGULATORY AUTHORITY
2.
Principal Sanction:
Censure
Other Sanctions: 
A FINE OF $40,00, AND RESTITUTION BY FIRM TO THE INVESTORS ASSOCIATED WITH THE TRANSACTIONS IN THE AMOUNT OF $18,358.52 PLUS
INTEREST.
3.
Date Initiated (MM/DD/YYYY): 
05/18/2016
 Exact
 Explanation
If not exact, provide explanation:
DATE OF FINRA'S SIGNATURE TO THE NOTICE OF ACCEPTANCE OF THE LETTER OF ACCEPTANCE, WAIVER AND CONSENT.
4.
Docket/Case Number:
2013038872701
5.
Advisory Affiliate Employing Firm when activity occurred which led to the regulatory action (if applicable):
6.
Principal Product Type:
Debt - Municipal
Other Product Types: 
7.
Describe the allegations related to this regulatory action (your response must fit within the space provided):
DURING THE PERIOD FROM JULY 1, 2013 THROUGH SEPTEMBER 30, 2013, THE FIRM PURCHASED/SOLD MUNICIPAL SECURITIES FOR 5 CUSTOMERS
ACCOUNTS AT AN AGGREGATE PRICE (INCLUDING ANY MARK-DOWN OR MARK-UP) THAT WAS NOT FAIR AND REASONABLE, TAKING INTO
CONSIDERATION ALL RELEVANT FACTORS, INCLUDING THE BEST JUDGMENT OF THE BROKER, DEALER OR MUNICIPAL SECURITIES DEALER AS TO THE
FAIR MARKET VALUE OF THE SECURITIES AT THE TIME OF THE TRANSACTION AND OF ANY SECURITIES EXCHANGED OR TRADED IN CONNECTION WITH
THE TRANSACTION, THE EXPENSE INVOLVED IN EFFECTING THE TRANSACTION, THE FACT THAT THE BROKER, DEALER OR MUNICIPAL SECURITIES
DEALER IS ENTITLED TO A PROFIT, AND THE TOTAL DOLLAR AMOUNT OF THE TRANSACTION.
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:
Acceptance, Waiver & Consent(AWC)
11. Resolution Date (MM/DD/YYYY):
05/27/2016
 Exact
 Explanation
If not exact, provide explanation:

p
p
DATE OF PAYMENT OF FINE.
12. Resolution Detail:
A.  Were any of the following Sanctions Ordered (check all appropriate items)?
 Monetary/Fine Amount: $ 60,230.14
 Revocation/Expulsion/Denial
 Disgorgement/Restitution
 Censure
 Cease and Desist/Injunction
 Bar
 Suspension
B.
Other Sanctions Ordered:
A FINE OF $40,000, AND RESTITUTION BY FIRM TO THE INVESTORS ASSOCIATED WITH THE TRANSACTIONS IN THE AMOUNT OF $18,358.52 PLUS
INTEREST.
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: 
OFS PAID THE FINE TO FINRA AND THE RESTITUTION TO THE INVESTORS.
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).

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) 
FINANCIAL INDUSTRY REGULATORY AUTHORITY.
2.
Principal Sanction:
Censure
Other Sanctions: 
A FINE OF $50,000.
3.
Date Initiated (MM/DD/YYYY): 
05/21/2015
 Exact
 Explanation
If not exact, provide explanation:
DATE OF FINRA'S NOTICE OF ACCEPTANCE OF THE LETTER OF ACCEPTANCE, WAIVER AND CONSENT.
4.
Docket/Case Number:
2013036797001
5.
Advisory Affiliate Employing Firm when activity occurred which led to the regulatory action (if applicable):
6.
Principal Product Type:
No Product
Other Product Types: 
7.
Describe the allegations related to this regulatory action (your response must fit within the space provided):
IN 2012 AND 2013, WHILE OPERATING AS BBVA SECURITIES OF PUERTO RICO, INC., OFS SECURITIES, INC. ("OFS SECURITIES") FAILED TO PRODUCE
CERTAIN DOCUMENTS AND INFORMATION PRIOR TO THE START OF A FINRA ARBITRATION HEARING AS ORDERED BY THE ARBITRATION PANEL AND
INACCURATELY REPRESENTED TO THE CLAIMANT THAT IT DID NOT HAVE RESPONSIVE DOCUMENTS UNDER ITS CONTROL. OFS SECURITIES SHOULD
HAVE BEEN AWARE THAT, AND ACTIVELY CONSIDERED WHETHER, RESPONSIVE DOCUMENTS AND INFORMATION COULD BE LOCATED IN ITS
WAREHOUSE OR OBTAINED FROM ITS CLEARING FIRM. HOWEVER, OFS FAILED TO PRODUCE THE DOCUMENTS TO THE CLAIMANT UNTIL THE HEARING
HAD ALREADY BEGUN AND THEREBY VIOLATED FINRA RULE 2010 AND IM-12000.
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:
Acceptance, Waiver & Consent(AWC)
11. Resolution Date (MM/DD/YYYY):
06/03/2015
 Exact
 Explanation
If not exact, provide explanation:
PAYMENT DATE OF FINE.
12. Resolution Detail:
A.  Were any of the following Sanctions Ordered (check all appropriate items)?
 Monetary/Fine Amount: $ 50,000.00
 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: 
MONETARY FINE $50,000 PAID ON JUNE 3, 2015.
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).
PURSUANT TO RULE 9216 OF FINRA'S CODE OF PROCEDURE, OFS SECURITIES, INC. SUBMITTED A LETTER OF ACCEPTANCE, WAIVER AND CONSENT
("AWC") PROPOSING A SETTLEMENT OF THE ALLEGED RULE VIOLATION. FINRA ACCEPTED THE AWC ON MAY 21, 2015. OFS SECURITIES ACCEPTED AND
CONSENTED TO THE ENTRY OF FINRA'S FINDINGS, A CENSURE AND A $50,000 FINE, AND WAIVED CERTAIN PROCEDURAL RIGHTS.

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) 

FINANCIAL INDUSTRY REGULATORY AUTHORITY
2.
Principal Sanction:
Censure
Other Sanctions: 
A FINE $245,000 AND TO COMPLETE, WITHIN 30 DAYS OF THE NOTICE OF ACCEPTANCE (THE "EFFECTIVE DATE") OF THIS AWC, THE FOLLOWING
UNDERTAKINGS: ORIENTAL WILL SUBMIT TO FINRA A PROPOSED METHODOLOGY OF HOW IT WILL IDENTIFY, REVIEW AND REMEDIATE UNSUITABLY
CONCENTRATED PR SECURITIES PURCHASED. ORIENTAL WILL SUBMIT THE METHODOLOGY TO FINRA AND THEY WILL REVIEW AND DETERMINE IF IT
COMPLIES WITH THE SPECIFIC REQUIREMENTS OF THE AWC.
3.
Date Initiated (MM/DD/YYYY): 
11/21/2014
 Exact
 Explanation
If not exact, provide explanation:
DATE UNEXECUTED AWC WAS RECEIVED.
4.
Docket/Case Number:
2013035308801
5.
Advisory Affiliate Employing Firm when activity occurred which led to the regulatory action (if applicable):
6.
Principal Product Type:
Other
Other Product Types: 
PR SECURITIES, INCLUDING PUERTO RICO CLOSED ENDED MUTUAL FUNDS, MUNICIPAL BONDS, OPENED-END MUTUAL FUNDS.
7.
Describe the allegations related to this regulatory action (your response must fit within the space provided):
FROM 2000 TO AUGUST 5, 2013, ORIENTAL FAILED TO DISCLOSE THE MARKUPS AND MARKDOWNS CHARGED ON APPROXIMATELY 2,800 RISKLESS
PRINCIPAL TRANSACTIONS IN PUERTO RICO CLOSED-END FUNDS ("PR CEFS"). IN ADDITION, ORIENTAL FAILED TO ESTABLISH MAINTAIN A
SUPERVISORY SYSTEM REASONABLE DESIGNED TO ACHIEVE COMPLIANCE WITH SECURITIES EXCHANGE ACT ("SEA") RULE 10B-10. AS SUCH, ORIENTAL
VIOLATED SEA RULE 10B-10(A)(2)(II)(A), NASD RULE 2230 (FOR CONDUCT BEFORE JUNE 17, 2011), 3010(A), AND 2110 (FOR CONDUCT BEFORE
DECEMBER 15, 2008), AND FINRA RULES 2232 (FOR CONDUCT AFTER JUNE 16, 2011) AND 2010 (FOR CONDUCT AFTER DECEMBER 14, 2008). IN
ADDITION, BETWEEN JULY 1, 2011, AND JUNE 30, 2013, ORIENTAL FAILED TO ESTABLISH MAINTAIN, AND ENFORCE A SUPERVISORY SYSTEM AND
PROCEDURES REASONABLY DESIGNED TO IDENTIFY AND REVIEW CONCENTRATED SECURITIES PURCHASES, INCLUDING PUERTO RICO MUNICIPAL
BONDS AND PR CEFS. AS SUCH, ORIENTAL VIOLATED NASD RULE 3010(A) AND (B) AND FINRA RULE 2010.
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:
Acceptance, Waiver & Consent(AWC)
11. Resolution Date (MM/DD/YYYY):
12/15/2014
 Exact
 Explanation
If not exact, provide explanation:
FINAL PAYMENT DATE.
12. Resolution Detail:
A.  Were any of the following Sanctions Ordered (check all appropriate items)?
 Monetary/Fine Amount: $ 245,000.00
 Revocation/Expulsion/Denial
 Disgorgement/Restitution
 Censure
 Cease and Desist/Injunction
 Bar
 Suspension
B.
Other Sanctions Ordered:
A FINE $245,000 AND TO COMPLETE, WITHIN 30 DAYS OF THE NOTICE OF ACCEPTANCE (THE "EFFECTIVE DATE") OF THIS AWC, THE FOLLOWING
UNDERTAKINGS: ORIENTAL WILL SUBMIT TO FINRA A PROPOSED METHODOLOGY OF HOW IT WILL IDENTIFY, REVIEW AND REMEDIATE
UNSUITABLY CONCENTRATED PR SECURITIES PURCHASED. ORIENTAL WILL SUBMIT THE METHODOLOGY TO FINRA AND THEY WILL REVIEW AND
DETERMINE IF IT COMPLIES WITH THE SPECIFIC REQUIREMENTS OF THE AWC.
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: 

MONETARY FINE $245,000 PAID ON DECEMBER 15, 2014.
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 2013, ORIENTAL REPORTED TO FINRA ON FORM 4530 THAT IT HAD NOT DISCLOSED ON CUSTOMERS' CONFIRMATIONS THE MARKUPS AND
MARKDOWNS FOR RISKLESS PRINCIPAL TRANSACTION IN PR CEFS. ON AUGUST 5, 2013, ORIENTAL CORRECTED THE DEFICENCY BY BEGINNING TO
DISCLOSE TO CUSTOMERS THE MARKS UPS AND MARKDOWNS AND AMENDED THE FIRM'S PROCEDURES TO REFLECT THE DISCLOSURE REQUIREMENT
FOR RISKLESS PRINCIPAL TRANSACTION IN PR CEFS. IN ADDITION, DURING THE REGULAR EXAMINATION OF 2013, FINRA DETERMINED THAT DURING
THE PERIOD BETWEEN JULY 1, 2011 AND JUNE 30, 2013, ORIENTAL SOLICITED CONCENTRATED PURCHASES OF PR SECURITIES. ORIENTAL HAS
ENGAGED A CONSULTANT TO PERFORM SELF-REVIEW ACCOUNTS IN ORDER TO IDENTIFY POTENTIAL UNSUITABLE PURCHASES OF PR SECURITIES AND
REPORT TO FINRA AND RESTITUE TO CUSTOMER ANY MISCONDUCT.AS REQUIRED IN THE AGREEMENT BETWEEN FINRA AND OFS, PRIOR TO JUNE 30,
2015 OFS CONDUCTED A REVIEW OF OFS' PURCHASE TRANSACTIONS CONDUCTED IN PUERTO RICO SECURITIES (MUTUAL FUNDS AND GOVERNMENT
BONDS) BETWEEN DECEMBER 14, 2012 AND JUNE 30, 2013 ASSISTED BY A CONSULTANT. AS A RESULT OF THE REVIEW, OFS PROVIDED RESTITUTION
PAYMENT FOR 95 TRANSACTIONS CONCENTRATED IN PUERTO RICO ASSETS FOR A TOTAL PAYMENT OF $2,109,917.

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) 
FINANCIAL INDUSTRY REGULATORY AUTHORITY ("FINRA")
2.
Principal Sanction:
Censure
Other Sanctions: 
A FINE OF $15,000 AND AN UNDERTAKING TO FILE THE RULE 4530 EVENT FILES CITED IN THE AWC WITH FINRA WITHIN 60 DAYS OF ACCEPTACE OF
THE AWC, AND SUBMIT TO FINRA A CERTIFICATION THAT ORIENTAL HAS COMPLIED WITH THE REQUIREMENTS OF THE AWC.
3.
Date Initiated (MM/DD/YYYY): 
03/19/2012
 Exact
 Explanation
If not exact, provide explanation:
DATE UNEXECUTED AWC WAS RECEIVED AT ORIENTAL FINANCIAL SERVICES
4.
Docket/Case Number:
2010021255501
5.
Advisory Affiliate Employing Firm when activity occurred which led to the regulatory action (if applicable):
6.
Principal Product Type:
No Product
Other Product Types: 
7.
Describe the allegations related to this regulatory action (your response must fit within the space provided):
ORIENTAL ACCEPTED AND CONSENTED, WITHOUT ADMITTING OR DENYING THE FINDINGS, THAT THEY DID NOT FILE CUSTOMER COMPLAINTS
STATISTICAL INFORMATION IN A TIMELY MANNER, IN VIOLATION OF NASD CONDUCTS RULE 3070(C) AND 2110 AND FINRA RULE 2010. FURTHERMORE,
ORIENTAL DID NOT DISCLOSE CERTAIN REPORTABLE EVENTS, IN VIOLATION OF NASD CONDUCT RULES 3070(C) AND 2110 AND FINRA RULE 2010. IN
ADDITION, ORIENTAL DID NOT TO FILE FORM U4S AND U5S IN A TIMELY MANNER, IN VIOLATION OF ARTICLE V, SECTIONS 2 AND 3 OF FINRA'S BY-LAWS
AND NASD CONDUCT RULE 2110 AND FINRA RULE 2010.
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:
Acceptance, Waiver & Consent(AWC)
11. Resolution Date (MM/DD/YYYY):
04/05/2012
 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: $ 15,000.00
 Revocation/Expulsion/Denial
 Disgorgement/Restitution
 Censure
 Cease and Desist/Injunction
 Bar
 Suspension
B.
Other Sanctions Ordered:
AN UNDERTAKING TO FILE THE RULE 4530 EVENT FILES CITED IN THE AWC WITH FINRA WITHIN 60 DAYS OF ACCEPTACE OF THE AWC, AND
SUBMIT TO FINRA A CERTIFICATION THAT ORIENTAL HAS COMPLIED WITH THE REQUIREMENTS OF THE AWC.
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: 
TOTAL AMOUNT OF FINE $15,000. DATE PAID 4/18/2012
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).

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) 
FINANCIAL INDUSTRY REGULATORY AUTHORITY (FINRA)
2.
Principal Sanction:
Censure
Other Sanctions: 
A $20,000 FINE PAYABLE VIA WIRE WHEN FINRA FINANCE DEPARTMENT CONTACT THE FIRM. CONTACTED FINRA IN MAY 31,2019 AND PAYMENT WAS
SENT ON JUNE 6,2019.
3.
Date Initiated (MM/DD/YYYY): 
10/30/2018
 Exact
 Explanation
If not exact, provide explanation:

4.
Docket/Case Number:
2018059633801
5.
Advisory Affiliate Employing Firm when activity occurred which led to the regulatory action (if applicable):
6.
Principal Product Type:
No Product
Other Product Types: 
7.
Describe the allegations related to this regulatory action (your response must fit within the space provided):
ORIENTAL FINANCIAL SERVICES (OFS) ACCEPTED AND CONSENTED, WITHOUT ADMITTING OR DENYING THE FINDINGS; THAT IN TWO ARBITRATION
SETTLEMENTS IN AUGUST AND SEPTEMBER 2015, OFS INCLUDED LANGUAGE CONDITIONING ON THESE CUSTOMER AGREEMENTS TO CONSENT TO, AND
NOT TO OPPOSE EXPUNGEMENT OF THEIR CLAIMS FROM THE CRD SYSTEM. AS A RESULT, THIS VIOLATED FINRA RULES 2081 AND 2010.
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:
Acceptance, Waiver & Consent(AWC)
11. Resolution Date (MM/DD/YYYY):
05/13/2019
 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: $ 20,000.00
 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: 
OFS TO PAY $20,000 TO FINRA UPON CONTACT FROM FINRA FINANCE DEPARTMENT. CONTACTED FINRA IN MAY 31,2019 AND PAYMENT WAS SENT
ON JUNE 6,2019.
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).