FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER, AND CONSENT NO. 2020065127101 TO: Department of Enforcement Financial Industry Regulatory Authority (FINRA) RE: Creand Securities (Respondent) Member Firm CRD No. 38964 Pursuant to FINRA Rule 9216, Respondent Creand Securities submits this Letter of Acceptance, Waiver, and Consent (AWC) for the purpose of proposing a settlement of the alleged rule violations described below.

FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER, AND CONSENT 2019060686501 TO: Department of Enforcement Financial Industry Regulatory Authority (FINRA) RE: Paulson Investment Company LLC (Respondent) Member Firm CRD No. 5670 Pursuant to FINRA Rule 9216, Respondent Paulson Investment Company LLC submits this Letter of Acceptance, Waiver, and Consent (AWC) for the purpose of proposing a settlement of the alleged rule violations described below.