FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER AND CONSENT NO. 2017053704501 TO: Department of Enforcement Financial Industry Regulatory Authority ("FINRA") RE: Wedbush Securities, Inc., Respondent Member Firm CRD No. 877 Pursuant to FINRA Rule 9216 of FINRA's Code of Procedure, Respondent Wedbush Securities, Inc. ("Wedbush" 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.

FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER AND CONSENT NO. 2018058148801 TO: Department of Enforcement Financial Industry Regulatory Authority (FINRA) RE: Thomas M. Murphy, Respondent Former General Securities Representative CRD No. 5654189 Pursuant to FINRA Rule 9216 of FINRA's Code of Procedure, Respondent Thomas M. Murphy submits this Letter of Acceptance, Waiver and Consent (AWC) for the purpose of proposing a settlement of the alleged rule violations described below.