FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER, AND CONSENT NO. 2017055996901 TO: Department of Enforcement Financial Industry Regulatory Authority (FINRA) RE: Piper Sandler & Co. (f/k/a Sandler O’Neill & Partners, L.P.) (Respondent) Member Firm CRD No. 665 Pursuant to FINRA Rule 9216, Respondent Piper Sandler & Co. 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. 2020066785901 TO: Department of Enforcement Financial Industry Regulatory Authority (FINRA) RE: Walter Morrow Allen (Respondent) Former General Securities Representative CRD No. 1344149 Pursuant to FINRA Rule 9216, Respondent Walter Morrow Allen submits this Letter of Acceptance, Waiver, and Consent (AWC) for the purpose of proposing a settlement of the alleged rule violations described below.