FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER, AND CONSENT NO. 2020067667201 TO: Department of Enforcement Financial Industry Regulatory Authority (FINRA) RE: Adam Thomas Marquardt (Respondent) General Securities Representative (GSR) CRD No. 5307192 Pursuant to FINRA Rule 9216, Respondent Adam T. Marquardt submits this Letter of Acceptance, Waiver, and Consent (AWC) for the purpose of proposing a settlement of the alleged rule violations described below.