FINANCIAL INDUSTRY REGULATORY AUTHORITY OFFICE OF HEARING OFFICERS Department of Enforcement, Complainant, v. Yoon Sik Chung CRD No. 5978168, Respondent. Disciplinary Proceeding No. 2020067734201 COMPLAINT The Department of Enforcement alleges: SUMMARY 1. During the period July 10, 2020 through October 9, 2020, Yoon Sik Chung (Chung), while associated with NYLife Securities LLC (NYLife), accepted more than $14,000 thousand dollars from two individuals, Person H and Person R, whom he met online but never met in person or spoke to over the phone.

FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER, AND CONSENT NO. 2021069405501 TO: Department of Enforcement Financial Industry Regulatory Authority (FINRA) RE: Charles V. Malico (Respondent) Former General Securities Representative CRD No. 1507282 Pursuant to FINRA Rule 9216, Respondent Charles V. Malico submits this Letter of Acceptance, Waiver, and Consent (AWC) for the purpose of proposing a settlement of the alleged rule violations described below.