FINANCIAL INDUSTRY REGULATORY AUTHORITY OFFICE OF HEARING OFFICERS Department of Enforcement, Complainant, v. William Joseph Kielczewski (CRD No. 4034356), Respondent. DISCIPLINARY PROCEEDING NO. 2017054405401 COMPLAINT The Department of Enforcement alleges: SUMMARY 1. While associated with Huntington Investment Company ("Huntington" or the "Firm") William Joseph Kielczewski falsely and repeatedly represented to the Firm that he was merely a passive

BEFORE THE NATIONAL ADJUDICATORY COUNCIL FINANCIAL INDUSTRY REGULATORY AUTHORITY In the Matter of Department of Enforcement, Complainant, vs. J. W. Korth & Company Lansing, MI, Respondent. AMENDED DECISION Complaint No. 2012030738501 Dated: May 23, 2019 Respondent firm charged excessive markups on sales of municipal and corporate bonds, and excessive markdowns on purchases of corporate bonds. Held, findings and sanctions affirmed.

FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER AND CONSENT NO. 2018060478101 TO: Department of Enforcement Financial Industry Regulatory Authority ("FINRA") RE: Thomas Leroy Studer, Registered Representative CRD No. 6300308 Pursuant to FINRA Rule 9216 of FINRA's Code of Procedure, I submit 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. 2018057441201 TO: Department of Enforcement Financial Industry Regulatory Authority ("FINRA") RE: Stuart Jeffries Henley, Respondent General Securities Representative CRD No. 1368973 Pursuant to FINRA Rule 9216 of FINRA's Code of Procedure, I submit 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. 2018060968101 TO: Department of Enforcement Financial Industry Regulatory Authority ("FINRA") RE: Mark Lewton Hopkins, Respondent Former General Securities Representative CRD No. 2653473 Pursuant to FINRA Rule 9216 of FINRA's Code of Procedure, I submit this Letter of Acceptance, Waiver and Consent ("AWC") for the purpose of proposing a settlement of the alleged rule violations

BEFORE THE NATIONAL ADJUDICATORY COUNCIL FINANCIAL INDUSTRY REGULATORY AUTHORITY In the Matter of Department of Enforcement, Complainant, vs. Austin Wayne Morton Spiro, OK, Respondent. DECISION Complaint No. 2016052347901 Dated: May 15, 2019 FINRA staff did not provide by a preponderance of evidence that a registered representative engaged in conversion. Held, findings affirmed and case dismissed.

FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER AND CONSENT NO. 2019061095601 TO: Department of Enforcement Financial Industry Regulatory Authority ("FINRA") RE: Thomas H. Laws, Respondent General Securities Representative CRD No. 4494448 Pursuant to FINRA Rule 9216 of FINRA's Code of Procedure, I, Thomas H. Laws, submit 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. 2017054076501 TO: Department of Enforcement Financial Industry Regulatory Authority ("FINRA") RE: Fabiano de Franco, Respondent Former General Services Representative CRD No. 4528382 Pursuant to FINRA Rule 9216 of FINRA's Code of Procedure, I, Respondent Fabiano de Franco, submit this Letter of Acceptance, Waiver and Consent ("AWC") for the purpose of proposing a settlement

FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER AND CONSENT NO. 2017054741201 TO: Department of Enforcement Financial Industry Regulatory Authority ("FINRA") RE: Robert L. Bryant III, Respondent CRD No. 2494572 Pursuant to FINRA Rule 9216 of FINRA's Code of Procedure, I, Robert L. Bryant III ("Bryant" or "Respondent"), submit this Letter of Acceptance, Waiver and Consent ("AWC") for the purpose of proposing a settlement of

FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER AND CONSENT NO. 2016052179401 TO: Department of Enforcement Financial Industry Regulatory Authority ("FINRA") RE: ProEquities, Inc., Respondent CRD No. 15708 Pursuant to FINRA Rule 9216 of FINRA's Code of Procedure, ProEquities, Inc. ("ProEquities" or the "Firm") submits this Letter of Acceptance, Waiver and Consent ("AWC") for the purpose of proposing a settlement of