FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER AND CONSENT NO. 2017056393301 TO: Department of Enforcement Financial Industry Regulatory Authority (FINRA) RE: Rochelle Shoulders, Respondent Former Associated Person CRD No. 5212412 Pursuant to FINRA Rule 9216 of FINRA's Code of Procedure, Rochelle Shoulders submits this Letter of Acceptance, Waiver and Consent (AWC) for the purpose of proposing a settlement of the alleged rule violations

FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER AND CONSENT NO. 2018059949301 TO: Department of Enforcement Financial Industry Regulatory Authority (FINRA) RE: Carmelo Arce Alvarez, Respondent General Securities Representative and Investment Company and Variable Contracts Products Representative CRD No. 5526419 Pursuant to FINRA Rule 9216 of FINRA's Code of Procedure, Respondent, Carmelo Arce Alvarez submits this Letter of Acceptance, Waiver and Consent (AWC) for the purpose of proposing a settlement of the alleged rule violations described below.