FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER, AND CONSENT NO. 2020068544901 TO: Department of Enforcement Financial Industry Regulatory Authority (FINRA) RE: Phil Donahue (Respondent) Investment Company and Variable Contracts Products Representative CRD No. 1206346 Pursuant to FINRA Rule 9216, Respondent Phil Donahue submits this Letter of Acceptance, Waiver, and Consent (AWC) for the purpose of proposing a settlement of the alleged rule violations described below.