Jefferies Execution Services Inc.

07/03/2013: FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER AND CONSENT NO. 20090189008-01 TO: Department of Market Regulation Financial Industry Regulatory Authority ("FINRA") RE: Jefferies LLC, Respondent Broker-Dealer CRD No. 2347 Pursuant to FINRA Rule 9216 of FINRA's Code of Procedure, Jefferies & Company, Inc. (the "firm") submits this Letter of Acceptance, Waiver and Consent ("AWC") for the purpose of proposing a settlement of the alleged rule violations described below. This AWC is

Reference 2009018900801data-portal.finra.orgfinra.org

03/29/2016: FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER AND CONSENT NO. 20120310971-01 TO: Department of Market Regulation Financial Industry Regulatory Authority ("FINRA") RE: Jefferies LLC, Respondent Broker-Dealer CRD No. 2347 Pursuant to FINRA Rule 9216 of FINRA's Code of Procedure, Jefferies LLC (the "firm" or "JEFF") submits this Letter of Acceptance, Waiver and Consent ("AWC") for the purpose of proposing a settlement of the alleged rule violations described below. This AWC is

Reference 2012031097101data-portal.finra.orgfinra.org

01/06/2022: FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER, AND CONSENT NO. 2018060219201 TO: Department of Enforcement Financial Industry Regulatory Authority (FINRA) RE: Jefferies LLC (Respondent) Member Firm CRD No. 2347 Pursuant to FINRA Rule 9216, Respondent Jefferies LLC submits this Letter of Acceptance, Waiver, and Consent (AWC) for the purpose of proposing a settlement of the alleged rule violations described below. This AWC is submitted on the condition that, if accepted, FINRA

Reference 2018060219201data-portal.finra.orgfinra.org

12/12/2019: FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER AND CONSENT NO. 2014043557401 TO: Department of Enforcement Financial Industry Regulatory Authority (FINRA) RE: Jefferies Execution Services, Inc., n/k/a Jefferies LLC, Respondent Member Firm CRD Nos. 867 Pursuant to FINRA Rule 9216 of FINRA's Code of Procedure, Respondent Jefferies Execution Services, Inc. ("JefEx" or the "Firm"), n/k/a Jefferies LLC, submits this Letter of Acceptance, Waiver and Consent (AWC) for the purpose of proposing a settlement of the alleged rule violations described below.

Reference 2014043557401data-portal.finra.orgfinra.org

09/07/2016: FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER AND CONSENT NO. 20150453985-01 TO: Department of Market Regulation Financial Industry Regulatory Authority ("FINRA") RE: Jeffries LLC, Respondent Broker-Dealer CRD No. 2347 Pursuant to FINRA Rule 9216 of FINRA's Code of Procedure, Jefferies LLC (the ''firm" or "Respondent") submits this Letter of Acceptance, Waiver and Consent ("AWC") for the purpose of proposing a settlement of the alleged rule violations described below. This

Reference 2015045398501data-portal.finra.orgfinra.org

09/10/2025: Between September 2009 and July 2022, Jefferies inaccurately calculated its customer and proprietary accounts of broker-dealers (PAB) reserve formula computations, as required by § 15(c) of the Securities Exchange Act of 1934 and Exchange Act Rule 15c3- 3, resulting in 136 customer reserve hindsight deficiencies and three PAB reserve hindsight deficiencies. This caused the firm to maintain inaccurate books and records and file inaccurate FOCUS reports. As a result, Jefferies violated Exchange Act §§ 15(c) and 17(a), Exchange Act Rules 15c3-3(e), 17a-4, and 17a-5(a), NASD Rule 3110, and FINRA Rules 4511 and 2010. Between September 2009 and July 2022, Jefferies failed to establish, maintain, and enforce a supervisory system, including written supervisory procedures, reasonably designed to achieve compliance with Exchange Act § 15(c) and Exchange Act Rule 15c3-3(e), in violation of NASD Rule 3010, and FINRA Rules 3110 and 2010. For these violations, Jefferies is censured and fined $1,000,000.

Reference 2022075850501data-portal.finra.orgfinra.org

10/02/2017: FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCPETANCE, WAIVER AND CONSENT NO. 20150472112-01 TO: Department of Enforcement Financial Industry Regulatory Authority ("FINRA") RE: Jefferies Execution Services, Inc. CRD No. 867 Pursuant to FINRA Rule 9216 of FINRA's Code of Procedure, Jefferies Execution Services, Inc. (the “firm” or “Respondent”) submit this Letter of Acceptance, Waiver and Consent ("AWC") for the purpose of proposing a settlement of the alleged

Reference 2015047211201data-portal.finra.orgfinra.org

12/27/2024: FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER, AND CONSENT NO. 2020066386503 TO: Department of Enforcement Financial Industry Regulatory Authority (FINRA) RE: Jefferies LLC (Respondent) Member Firm CRD No. 2347 Pursuant to FINRA Rule 9216, Respondent Jefferies LLC submits this Letter of Acceptance, Waiver, and Consent (AWC) for the purpose of proposing a settlement of the alleged rule violations described below. This AWC is submitted on the condition that, if accepted, FINRA will not bring any future actions against Respondent alleging violations based on the same factual findings described in this AWC.

Reference 2020066386503data-portal.finra.orgfinra.org

01/11/2022: FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER, AND CONSENT NO. 2017054588101 TO: Department of Enforcement Financial Industry Regulatory Authority (FINRA) RE: Jefferies LLC (Respondent), as successor to Jefferies Execution Services, Inc. Member Firm CRD No. 2347 Pursuant to FINRA Rule 9216, Respondent Jefferies LLC, as successor to Jefferies Execution Services, Inc., submits this Letter of Acceptance, Waiver, and Consent (AWC) for the purpose of proposing a settlement of the alleged rule

Reference 2017054588101data-portal.finra.orgfinra.org

05/23/2017: FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER AND CONSENT NO. 20150452112-01 TO: Department of Market Regulation Financial Industry Regulatory Authority ("FINRA") RE: Jefferies LLC, Respondent Broker-Dealer CRD No. 2347 Pursuant to FINRA Rule 9216 of FINRA's Code of Procedure, Respondent Jefferies LLC ("JEFF" or the "firm") submits this Letter of Acceptance, Waiver and Consent ("AWC") for the purpose of proposing a settlement of the alleged rule violations described below. This

Reference 2015045211201finra.orgdata-portal.finra.org

12/07/2016: FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER AND CONSENT NO. 20150442324-01 TO: Department of Market Regulation Financial Industry Regulatory Authority ("FINRA") RE: Jefferies Execution Services, Inc., Respondent Broker-Dealer CRD No. 867 Pursuant to FINRA Rule 9216 of FINRA's Code of Procedure, Respondent Jefferies Execution Services, Inc. ("WDSB" or the "firm") submits this Letter of Acceptance, Waiver and Consent ("AWC") for the purpose of proposing a settlement of the alleged

Reference 2015044232401data-portal.finra.orgfinra.org

12/13/2013: FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER AND CONSENT NO. 2011030515301 TO: Department of Enforcement Financial Industry Regulatory Authority ("FINRA") RE: Jefferies LLC, Respondent CRD No. 2347 Pursuant to FINRA Rule 9216 of FINRA's Code of Procedure, Jefferies LLC, formerly known as Jefferies & Company, Inc. ("Jefferies" or "the Firm") submits this Letter of Acceptance, Waiver and Consent ("AWC") for the purpose of proposing a settlement

Reference 2011030515301finra.orgdata-portal.finra.org

12/27/2017: FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER AND CONSENT NO. 20160488361-01 TO: Department of Enforcement Financial Industry Regulatory Authority (“FINRA”) RE: Jefferies LLC, Respondent Broker-Dealer CRD No. 2347 Pursuant to FINRA Rule 9216 of FINRA’s Code of Procedure, Respondent Jefferies LLC (“JEFF”, PJEF” or the “firm”) submits this Letter of Acceptance, Waiver and Consent (“AWC”) for the purpose of proposing a settlement of the alleged rule violations

Reference 2016048836101data-portal.finra.orgfinra.org

01/16/2018: FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER AND CONSENT NO. 2016050185301 TO: Department of Enforcement Financial Industry Regulatory Authority (“FINRA") RE: Jefferies LLC, Respondent CRD No. 2347 Pursuant to FINRA Rule 9216 of FINRA's Code of Procedure, Respondent Jefferies LLC (“Jefferies” or the “Firm”) submits this Letter of Acceptance, Waiver and Consent (“AWC”) for the purpose of proposing a settlement of the alleged rule violations described below.

Reference 2016050185301data-portal.finra.orgfinra.org

09/03/2014: FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER AND CONSENT NO. 2012030420201 TO: Department of Enforcement Financial lndustry Regulatory Authority ("FINRA") RE: Jefferies LLC, Respondent ("Jefferies" or the "Firm") BD No. 2347 Pursuant to FINRA Rule 9216 of FINRA's Code of Procedure, Respondent, Jefferies LLC ("Jefferies" or the "Firm"), submits this Letter of Acceptance, Waiver and Consent ("AWC") for the purpose of proposing a settlement of the alleged rule violations described

Reference 2012030420201data-portal.finra.orgfinra.org

05/18/2012: FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER AND CONSENT NO. 20090210967-01 TO: Department of Market Regulation Financial Industry Regulatory Authority ("FINRA") RE: Jefferies Execution Services, Inc., Respondent Broker-Dealer CRD No. 867 Pursuant to FINRA Rule 9216 of FINRA's Code of Procedure, Jefferies Execution Services, Inc. (the "firm") submits this Letter of Acceptance, Waiver and Consent

Reference 2009021096701data-portal.finra.orgfinra.org