FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER, AND CONSENT NO. 2021072620401 TO: Department of Enforcement Financial Industry Regulatory Authority (FINRA) RE: Meeder Distribution Services, Inc. (Respondent) Member Finn CRD No. 36773 Pursuant to FINRA Rule 9216, Respondent Meeder Distribution 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.

FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER, AND CONSENT NO. 2020069057401 TO: Department of Enforcement Financial Industry Regulatory Authority (FINRA) RE: Larry J. Michaels (Respondent) General Securities Representative, General Securities Principal CRD No. 4351477 Pursuant to FINRA Rule 9216, Respondent Larry Michaels submits this Letter of Acceptance, Waiver, and Consent (AWC) for the purpose of proposing a settlement of the alleged rule violations described below.