FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER, AND CONSENT NO. 2018058633501 TO: Department of Enforcement Financial Industry Regulatory Authority (FINRA) RE: Raymond James & Associates, Inc. (Respondent) Member Firm CRD No. 705 Raymond James Financial Services, Inc. (Respondent) Member Firm CRD No.6694 Pursuant to FINRA Rule 9216, Respondents Raymond James & Associates, Inc. (RJA) and Raymond James Financial Services, Inc. (RJFS) submit this Letter of Acceptance.