FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER, AND CONSENT NO. 2021069350601 TO: Department of Enforcement Financial Industry Regulatory Authority (FINRA) RE: Lebenthal Financial Services, Inc. (Respondent) Member Firm CRD No. 137988 Pursuant to FINRA Rule 9216, Respondent Lebenthal Financial Services, Inc. submits this Letter of Acceptance, Waiver, and Consent (AWC) for the purpose of proposing a settlement of the alleged rule violations described below.