FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER, AND CONSENT NO. 2018060548501 TO: Department of Enforcement Financial Industry Regulatory Authority (FINRA) RE: VALIC Financial Advisors, Inc. (Respondent) Member Firm CRD No. 42803 Pursuant to FINRA Rule 9216, Respondent VALIC Financial Advisors, Inc. (VFA) submits this Letter of Acceptance, Waiver, and Consent (AWC) for the purpose of proposing a settlement of the alleged rule violations described below.