FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER AND CONSENT NOS. 2017053208002 TO: Department of Enforcement Financial Industry Regulatory Authority (FINRA) RE: National Securities Corporation, Respondent Member Firm CRD No. 7569 Pursuant to FINRA Rule 9216 of FINRA’s Code of Procedure, Respondent National Securities Corporation submits this Letter of Acceptance, Waiver and Consent (AWC) for the purpose of proposing a settlement of the alleged rule violations described below.