FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER, AND CONSENT NO. 2019062640301 TO: Department of Enforcement Financial Industry Regulatory Authority (FINRA) RE: Stefan Andrew Spath (Respondent) Former General Securities Representative, General Securities Principal, and Securities Trader CRD No. 2876322 Pursuant to FINRA Rule 9216, Respondent Stefan Andrew Spath submits this Letter of Acceptance, Waiver, and Consent (AWC) for the purpose of proposing a settlement of the alleged rule violations described below.

Respondent failed to pay an arbitration award and failed to prove that he had a bona fide inability to pay or make a meaningful payment toward the award. Respondent is therefore suspended from associating with any FINRA member in any capacity.