Texas

Failure to update Form U4: Respondent's failures to report to the Securities Commissioner the changes in information reported in response to item14K of the Form U4 within thirty (30) days of the event dates are violations of section 115.9(a)(6) and section116.9(a)(6) of the Board Rules. Pursuant to Section 14.A(6) of the Texas Securities Act, Respondent's violations of the Board Rules constitute bases for the issuance of an order reprimanding Respondent. Pursuant to Section 23-1 of the Texas Securities Act, Respondent's violations of the Board Rules constitute bases for the assessment of an administrative fine against Respondent. It is further ORDERED that Brad Cain is hereby REPRIMANDED. It is further ORDERED that Brad Cain is hereby ASSESSED AN ADMINISTRATIVE FINE in the amount of Three Thousand and Five Hundred Dollars ($3,500.00). Payment shall be made by delivery of a cashier's check to the Securities Commissioner in the amount of Three Thousand and Five Hundred Dollars ($3,500.00), payable to the State of Texas, contemporaneously with the delivery of this order.

Acceptance, Waiver & Consent(AWC)

Civil and Administrative Penalty(ies)/Fine(s)

$3,500.00

Reprimand