FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER AND CONSENT NO. 2018060587401 TO: Department of Enforcement Financial Industry Regulatory Authority (FINRA) RE: John G. Kallis, Respondent Registered Representative CRD No. 4366410 Pursuant to FINRA Rule 9216 of FINRA's Code of Procedure, Respondent John G. Kallis 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. 2018060836401 TO: Department of Enforcement Financial Industry Regulatory Authority (FINRA) RE: Valmark Securities, Inc., Respondent Member Firm CRD No. 31243 Pursuant to FINRA Rule 9216 of FINRA’s Code of Procedure, Respondent Valmark Securities, Inc. submits this Letter of Acceptance, Waiver and Consent (A WC) for the purpose of proposing a settlement of the alleged rule violations described below.