FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER, AND CONSENT NO. 2021070771601 TO: Department of Enforcement Financial Industry Regulatory Authority (FINRA) RE: Michael Hong Cho (Respondent) General Securities Representative CRD No. 2456460 Pursuant to FINRA Rule 9216, Respondent Michael Hong Cho submits this Letter of Acceptance, Waiver, and Consent (AWC) for the purpose of proposing a settlement of the alleged rule violations described below.