FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER, AND CONSENT NO. 2017052388601 TO: Department of Enforcement Financial Industry Regulatory Authority (FINRA) RE: Actinver Securities, Inc. (Respondent) Member Firm CRD No. 41139 Pursuant to FINRA Rule 9216, Respondent Actinver Securities, Inc. 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. 2018058750802 TO: Department of Enforcement Financial Industry Regulatory Authority (FINRA) RE: Wenru Liang (Respondent) Former Investment Company and Variable Contracts Products Representative CRD No. 5157279 Pursuant to FINRA Rule 9216, Respondent Wenru Liang submits this Letter of Acceptance, Waiver, and Consent (AWC) for the purpose of proposing a settlement of the alleged rule violations described below.