Pinnacle Financial Planning LLC and Joshua Edward Makowiec - $4,000 Fine and Registration Suspension

1. : NOTICE OF RIGHT TO APPEAL

You are hereby notified that you have the right to appeal the attached Final Report and

Order ("Order") issued by the Commonwealth of Pennsylvania Banking and Securities

Commission. If you wish to appeal the attached Order you may file a petition for review with the

Prothonotary of the Commonwealth Court of Pennsylvania that complies with the format and timing requirements of the applicable Pennsylvania Rules of Appellate Procedure. Pa. R.A.P. 1511-1561. Failure to file a petition for review within 30 days of the mailing date of this Order will result in the attached Order becoming final and unappealable. You may reach the Commonwealth Court at 717-255-1650.

Please be advised that this Notice of Right to Appeal is not intended to and does not constitute legal advice. You may consult an attorney regarding your legal rights including your right to appeal the attached Order or your right to file an application for rehearing or reconsideration under the General Rules of Administrative Practice and Procedure. 1 Pa. Code § 35.241.

1 FILED 2026 FEB 26 PM 3:30

1. : FINAL ORDER AND NOW, the Pennsylvania Banking and Securities Commission ("Commission") issues

this Final Order in the matter of Commonwealth of Pennsylvania Department of Banking and

Securities, Bureau of Securities Compliance and Examinations v. Pinnacle Financial Planning, LLC and Joshua Edward Makowiec, Docket No. 250028 (SEC-OSC).

The Commission reviewed the proposed report and proposed order of Hearing Officer Carlton M. Smith, which are attached. Pursuant to 1 Pa. Code § 35.207, the Commission served these documents on the parties by letter dated December 18, 2025, giving the parties 30 days to appeal the findings and recommendations by submitting exceptions to the Commission. No party filed exceptions. Accordingly, the Commission may proceed to issue a Final Order in the matter pursuant to the final adjudication authority granted it under Section 1122-A of the Department of Banking and Securities Code, 71 P.S. § 733-1122-A. The Department of Banking and Securities, Bureau of Securities, Compliance and

Examination ("Bureau") made certain allegations in an Order to Show Cause ("OSC") that it

served on Pinnacle Financial Planning, LLC and Joshua Edward Makowiec ("Respondents") on

September 23, 2025. When Respondents failed to respond to such allegations, the Bureau filed a Motion to Deem Facts Admitted and Entry of Default Judgment on November 12, 2025. In his proposed report, the hearing officer deemed the Respondents to be in default and to have admitted the facts as alleged in the OSC. Based on these deemed facts admitted, as set forth in the attached proposed report, the hearing officer concluded that the Bureau has proven two willful violations of the Pennsylvania Securities Act of 1972 ("1972 Act") and its regulations. First, Respondents failed to submit a balance sheet within 120 days of the end of the investment

adviser's 2018 fiscal year, a violation of section 305(a)(v) of the 1972 Act, 70 P.S. § 1-305(a)(v),

and the Department regulation at 10 Pa. Code § 304.022(b) and (d). Second, Respondents refused to furnish information reasonably requested by the Department, which violated section 305(a)(xiii) of the 1972 Act, 70 P.S. § 1-305(a)(xiii)

With this Final Order, the Commission adopts the hearing officer's proposed report as

written, but modifies the proposed order as to the amount of the assessment. The Commission

ORDERS each Respondent, pursuant to section 602.1 (c) of the 1972 Act, 70 P.S. §1-602.1(c),

to pay an administrative assessment in the amount of Two Thousand Dollars ($2,000.00), for a total amount of Four Thousand Dollars ($4,000.00). The Commission further ORDERS that, effective 30 days after the mailing date of this Final Order, the investment adviser registration issued to Pinnacle Financial Planning, LLC, CRD # 311172, and the investment adviser representative registration issued to Joshua E. Makowiec, CRD # 5223234, shall be INDEFINITELY SUSPENDED pursuant to section 305(a)(v) and (xiii) of the 1972 Act, 70 P.S. §1-305(a)(v) and (xiii), and that, pursuant to section 1-512(a) of the

1972 Act, 70 P.S. §1-512(a), Respondents shall be TEMPORARILY BARRED from each of the following activities:

1. Representing an issuer offering or selling securities in this Commonwealth;

2. Acting as a promoter, officer, director or partner of an issuer (or an individual
   occupying a similar status or performing. similar functions) offering or selling securities in this Commonwealth, or of a person who controls or is controlled by such issuer;

3. Being registered as a broker-dealer, agent, investment adviser or investment adviser
   representative under Section 301 of the 1972 Act;

4. Being an affiliate of any person registered under Section 301 of the 1972 Act; or

5. Relying upon an exemption from registration contained in Section 202, 203 or 302
   of the 1972 Act. Upon payment by the Respondents of the administrative assessments in full and their coming into full compliance with the violations alleged by the Bureau in the OSC, the Bureau

at Respondents' request will lift the suspension of their registrations and remove the temporary

bars from securities activities. Respondents shall pay the administrative assessments by mailing to the following official

a certified check, attorney's check, or U.S. Postal Service money order, made payable to the "Commonwealth of Pennsylvania," within thirty (30) days of the effective date of this Order:

Jamie Reed Docket Clerk Market Square Plaza 1 7 N. Second Street, Suite 1300

1. : : : CERTIFICATE OF SERVICE

On behalf of the agency, I certify that I have this day caused to be served a copy of the foregoing Final Order upon the following persons pursuant to 1 Pa. Code §§ 33.31:

Dated this day of , 2026 __________________________ March 3 Jamie Reed, Docket Clerk PA Banking and Securities Commission 17 N. 2nd Street, Suite 1300 Telephone: (717) 787-5783

Joshua Edward Makowiec Kurt Geishauser, Assistant Counsel

Commonwealth of Pennsylvania 71-A Dunnigan Lane Weatherly, Pennsylvania 1825517 North Second Street, Suite 1300 Pinnacle Financial Planning, LLC Counsel for the Bureau of Securities 6 71-A Dunnigan LaneFILED Compliance and Examinations Weatherly, Pennsylvania 182552026 FEB 26 PM 3:30 BY CERTIFIED AND FIRST-BY HAND DELIVERY: CLASS MAIL:

1. : : : CERTIFICATE OF SERVICE On behalf of the agency, I certify that I have this day caused to be served a copy of the foregoing Final Order upon the following persons pursuant to 1 Pa. Code §§ 33.31:

Dated this 5 day of March 2026 __________________________ th Jamie Reed, Docket Clerk PA Banking and Securities Commission 17 N. 2nd Street, Suite 1300 Telephone: (717) 787-5783 Joshua Edward Makowiec Kurt Geishauser, Assistant Counsel Commonwealth of Pennsylvania 71-A Dunnigan Lane Weatherly, Pennsylvania 1825517 North Second Street, Suite 1300 Pinnacle Financial Planning, LLC Counsel for the Bureau of Securities 71-A Dunnigan LaneFILED Compliance and Examinations 2026 MARCH 3 PM 2:28 Weatherly, Pennsylvania 18255BY CERTIFIED AND FIRST-BY HAND DELIVERY: CLASS MAIL: