FINANCIAL INDUSTRY REGULATORY AUTHORITY OFFICE OF HEARING OFFICERS Department of Enforcement, Complainant, v. Mercer Hicks III (CRD No. 245170), Respondent. Disciplinary Proceeding No. 2017052867301 COMPLAINT The Department of Enforcement (“Enforcement”) alleges: SUMMARY 1. Between June 1, 2014 and July 31, 2017, Hicks made unsuitable recommendations to five senior customers (three of whom were widows) to purchase speculative non-traded real estate investment trusts (“REITs”) and non-traded business development companies (“BDCs”).

FINANCIAL INDUSTRY REGULATORY AUTHORITY OFFICE OF HEARING OFFICERS DEPARTMENT OF ENFORCEMENT, Complainant, v. KAPIL MAHESHWARI (CRD No. 6358540), Respondent. Disciplinary Proceeding No. 2017055608101 Hearing Officer-DW HEARING PANEL DECISION December 19, 2019 Respondent Kapil Maheshwari misused confidential information obtained from his former employer about a future corporate acquisition for trading purposes, in violation of FINRA Rule 2010. For his misconduct, Maheshwari is barred from association with any FINRA member in any capacity and

FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER AND CONSENT NO. 2014042525201 t TO: Department of Enforcement Financial Industry Regulatory Authority (FINRA) RE: SG Americas Securities, LLC, Respondent Member Firm CRD No. 128351 Pursuant to FINRA Rule 9216 of FINRA’s Code of Procedure, Respondent SG Americas Securities, LLC (“SGAS,” the “Firm,” or “Respondent”) 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 NO. 2017053432301 TO: Department of Enforcement Financial Industry Regulatory Authority (FINRA) RE: Goldman Sachs & Co. LLC, Respondent Member Firm CRD No. 361 Pursuant to FINRA Rule 9216 of FINRA’s Code of Procedure, Respondent Goldman Sachs & Co. LLC (“Goldman Sachs” or the “Firm”) 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 NO. 2019062879601 TO: Department of Enforcement Financial Industry Regulatory Authority (FINRA) RE: Thomas M. Grbelja, Respondent Former Registered Representative CRD No. 1966191 Pursuant to FINRA Rule 9216 of FINRA’s Code of Procedure, Respondent Thomas M. Grbelja submits this Letter of Acceptance, Waiver and Consent (AWC) for the purpose of proposing a settlement of the alleged rule violations described below.