SHAWN D. BALDWIN

10/14/2008: FINANCIAL INDUSTRY REGULATORY AUTHORITY OFFICE OF HEARING OFFICERS DEPARTMENT OF ENFORCEMENT, Complainant, v. CMG Institutional Trading, LLC (BD No. 47264), and SHAWN BALDWIN (CRD No, 4281564), Respondents. Disciplinary Proceeding No.2006006890801 Hearing Officer-AWH HEARING PANEL DECISION October 14, 2008 Respondent CMG is expelled and Respondent Baldwin, its President, is barred for violation of numerous NASD, SEC, and MSRB

Reference 2006006890801data-portal.finra.orgfinra.org

10/07/2010: BEFORE THE NATIONAL ADJUDICATORY COUNCIL FINANCIAL INDUSTRY REGULATORY AUTHORITY In the Matter of Department of Enforcement, Complainant, vs. CMG Institutional Trading, LLC Chicago, IL, and Shawn D. Baldwin Chicago, IL, Respondents. DECISION Complaint No. 2008012026601 Dated: October 7, 2010 Respondents failed to respond to FINRA requests for information. Held, findings and sanctions affirmed. Appearances

06/09/2009: FINANCIAL INDUSTRY REGULATORY AUTHORITY OFFICE OF HEARING OFFICERS DEPARTMENT OF ENFORCEMENT, Complainant, v. CMG INSTITUTIONAL TRADING, LLC (CRD No. 47264), and SHAWN D. BALDWIN (CRD No. 4281564), Respondents. Disciplinary Proceeding No. 2008012026601 Hearing Officer - LBB HEARING PANEL DECISION June 9, 2009 Respondent CMG Institutional Trading, LLC is expelled from FINRA membership, and Respondent Shawn D. Baldwin is barred

Reference 2008012026601data-portal.finra.orgdata-portal.finra.orgfinra.org

05/03/2010: BEFORE THE NATIONAL ADJUDICATORY COUNCIL FINANCIAL INDUSTRY REGULATORY AUTHORITY In the Matter of Department of Enforcement, Complainant, vs. CMG Institutional Trading, LLC, and Shawn D. Baldwin Chicago, IL, Respondent. DECISION Complaint No. 2006006890801 Dated: May 3, 2010 CMG was expelled and Baldwin was barred for numerous violations of NASD, SEC, and MSRB rules. Held, findings and sanctions modified. Appearances For the Complainant: Richard S. Schultz, Esq. and Pamela Shu, Esq.,

Reference 2006006890801data-portal.finra.orgfinra.org

02/20/2008: BEFORE THE NATIONAL ADJUDICATORY COUNCIL FINANCIAL INDUSTRY REGULATORY AUTHORITY In the Matter of Department of Enforcement, Complainant, vs. CMG Institutional Trading, LLC Chicago, IL, and Shawn D. Baldwin Chicago, IL, Respondents. DECISION Complaint No. E8A20050252 Dated: February 20, 2008 Respondents failed to respond completely to written requests for information. Held, findings affirmed and sanctions modified. Appearances For the Complainant: Pamela Shu, Esq., Richard S. Schultz., Esq., Leo F.

01/30/2009: SECURITIES AND EXCHANGE COMMISSION Washington, D.C. SECURITIES EXCHANGE ACT OF 1934 Rel. No. 59325 / January 30, 2009 Admin. Proc. File No. 3-12994 In the Matter of the Application of CMG INSTITUTIONAL TRADING, LLC and SHAWN D. BALDWIN c/o Nicole C. Patton, Esq. The Law Offices of Nicole C. Patton P.O. Box 934 Matteson, IL 60443 For Review of Disciplinary Action Taken by NASD OPINION OF THE COMMISSION REGISTERED SECURITIES ASSOCIATION -- REVIEW OF DISCIPLINARY PROCEEDINGS Violation of Conduct Rules

Reference E8A2005025201data-portal.finra.orgfinra.orgdata-portal.finra.org