FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER, AND CONSENT NO. 2018057166105 TO: Department of Enforcement Financial Industry Regulatory Authority (FINRA) RE: Wolverine Execution Services, LLC (Respondent) Member Firm CRD No. 120719 Pursuant to FINRA Rule 9216, Respondent Wolverine Execution Services, LLC (Wolverine 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.