SG AMERICAS SECURITIES LLC.

10/12/2012: FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER AND CONSENT NO. 20100231632-01 TO: Department of Market Regulation Financial Industry Regulatory Authority ("FINRA") RE: SG Americas Securities, LLC, Respondent Broker-Dealer CRD No. 128351 Pursuant to FINRA Rule 9216 of FINRA's Code of Procedure, SG Americas Securities, LLC (the "firm") submits this Letter of Acceptance, Waiver and Consent ("AWC") for the purpose of proposing a settlement of the alleged rule violations

Reference 2010023163201data-portal.finra.orgfinra.org

12/06/2024: FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER, AND CONSENT NO. 2021071475201 TO: Department of Enforcement Financial Industry Regulatory Authority (FINRA) RE: SG Americas Securities, LLC (Respondent) Member Firm CRD No. 128351 Pursuant to FINRA Rule 9216, Respondent SG Americas Securities, 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 2021071475201data-portal.finra.orgfinra.org

05/29/2007: NASD LETTER OF ACCEPTANCE, WAIVER AND CONSENT 20050025872-01 TO: Department of Market Regulation NASD RE: SG Americas Securities, LLC, Respondent Broker/Dealer CRD No. 128351 Pursuant to Rule 9216 of NASD Code of Procedure, SG Americas Securities, LLC ("the firm") submits this Letter of Acceptance, Waiver and Consent ("AWC") for the purpose of proposing a settlement of the alleged rule violations described in Part II below. This AWC is submitted on the condition that, if accepted, NASD will not bring any

Reference 2005002587201finra.orgdata-portal.finra.org

10/22/2013: FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER AND CONSENT NO. 20100257684-02 TO: Department of Market Regulation Financial Industry Regulatory Authority (''FINRA") RE: SG Americas Securities, LLC, Respondent Broker-Dealer CRD No. 128351 Pursuant to FINRA Rule 9216 of FINRA's Code of Procedure, SG Americas Securities, LLC (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 2010025768402data-portal.finra.orgfinra.org

10/21/2013: FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER AND CONSENT NO.20100216014-01 TO: Department of Market Regulation Financial Industry Regulatory Authority ("FINRA") RE: SG Americas Securities, LLC Respondent Broker-Dealer CRD No. 128351 Pursuant to FINRA Rule 9216 of FINRA's Code of Procedure, SG Americas Securities, LLC ("SGAS" 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 2010021601401data-portal.finra.orgfinra.org

09/06/2016: FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER AND CONSENT NO. 20150441168-01 TO: Department of Market Regulation Financial Industry Regulatory Authority ("FINRA") RE: SG Americas Securities, LLC, Respondent Broker-Dealer CRD No. 12835 Pursuant to FINRA Rule 9216 of FINRA's Code of Procedure, SG Americas Securities, LLC ("SGAS", the ''Firm", or ''Respondent") submits this Letter of Acceptance, Waiver and Consent ("AWC") for the purpose of proposing a settlement of the alleged

Reference 2015044116801data-portal.finra.orgfinra.org

12/19/2019: FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER AND CONSENT NO. 2014042525201 t TO: Department of Enforcement Financial Industry Regulatory Authority (FINRA) RE: SG Americas Securities, LLC, Respondent Member Firm CRD No. 128351 Pursuant to FINRA Rule 9216 of FINRA’s Code of Procedure, Respondent SG Americas Securities, LLC (“SGAS,” 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.

Reference 2014042525201data-portal.finra.orgfinra.org

12/31/2020: FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER, AND CONSENT NO. 2018059389401 TO: Department of Enforcement Financial Industry Regulatory Authority (FINRA) RE: SG Americas Securities, LLC (Respondent) Member Firm CRD No. 128351 Pursuant to FINRA Rule 9216, Respondent SG Americas Securities, LLC (SGAS) 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

Reference 2018059389401data-portal.finra.orgfinra.org

09/28/2009: FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER AND CONSENT NO. 20060064884-01 TO: Department of Market Regulation Financial Industry Regulatory Authority ("FINRA") RE: SG Americas Securities, LLC, Respondent Broker-Dealer CRD No. 128351 Pursuant to FINRA Rule 9216 of FINRA's Code of Procedure, SG Americas Securities, LLC (the "firm") submits this Letter of Acceptance, Waiver and Consent

Reference 2006006488401finra.orgdata-portal.finra.org

08/10/2022: FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER AND CONSENT NO. 2019063480501 TO: Department of Enforcement Financial Industry Regulatory Authority (FINRA) RE: SG Americas Securities, LLC (Respondent) Member Firm CRD No. 128351 Pursuant to FINRA Rule 9216, Respondent SG Americas Securities, 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 2019063480501data-portal.finra.orgfinra.org

10/28/2005: NASD LETTER OF ACCEPTANCE, WAIVER AND CONSENT 20050001671-01 TO: Department of Market Regulation NASD RE: SG Americas Securities, LLC, Respondent Broker Dealer CRD 128351 Pursuant to Rule 9216 of NASD Code of Procedure, SG Americas Securities, LLC (the "firm") submits this Letter of Acceptance, Waiver and Consent ("AWC") for the purpose of proposing a settlement of the alleged rule violations described in Part II below. This AWC is submitted on the condition that, if accepted, NASD will not bring any future

Reference 2005000167101data-portal.finra.orgfinra.org

11/04/2025: For the period from January 2023 through September 2024, SG Americas published seven inaccurate quarterly reports on its handling of customers' orders in National Market System (NMS) securities. As a result, the firm violated Rule 606(a) of Regulation NMS under the Securities Exchange Act of 1934 and FINRA Rule 2010. From April 2021 through March 2025, the firm's supervisory system, including written procedures (WSPs), was not reasonably designed to achieve compliance with Rule 606(a). As a result, the firm violated FINRA Rules 3110 and 2010. For these violations, the firm is censured arid fined $90,000.

Reference 2024083343101finra.orgdata-portal.finra.org

11/11/2015: FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER AND CONSENT NO. 2014039941601 TO: Department of Market Regulation Financial Industry Regulatory Authority ("FINRA") RE: SG Americas Securities, LLC, Respondent Broker-Dealer CRD No. 128351 Pursuant to FINRA Rule 9216 of FINRA's Code of Procedure, SG Americas Securities, LLC (the "firm") submits this Letter of Acceptance, Waiver and Consent ("AWC") for the purpose of proposing a settlement of the alleged rule violations

Reference 2014039941601data-portal.finra.orgfinra.org

03/26/2008: FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER AND CONSENT NO. 20070095217 TO: Department of Enforcement Financial Industry Regulatory Authority ("FINRA") RE: SG Americas Securities, LLC, Respondent CRD #128351 Pursuant to NASD Rule 9216 of FINRA Code of Procedure, SG Americas Securities, 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 AWC is

Reference 2007009521701finra.orgdata-portal.finra.org

06/24/2020: FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER AND CONSENT NO. 2015047855901 TO: Department of Enforcement Financial Industry Regulatory Authority (FINRA) RE: SG Americas Securities, LLC, Respondent Member Firm CRD No. 128351 Newedge USA, LLC, (n/k/a SG Americas Securities, LLC) Former Member Firm CRD No. 36118 Pursuant to FINRA Rule 9216 of FINRA's Code of Procedure, Respondent SG Americas Securities, LLC ("SGAS" 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.

Reference 2015047855901finra.orgdata-portal.finra.org

12/30/2015: FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER AND CONSENT NO. 20120345123-01 TO: Department of Market Regulation Financial Industry Regulatory Authority ("FINRA") RE: SG Americas Securities, LLC, Respondent Broker-Dealer CRD No. 128351 Pursuant to FINRA Rule 9216 of FINRA's Code of Procedure, SG Americas Securities, LLC (the "firm" or "Respondent") submits

Reference 2012034512301data-portal.finra.orgfinra.org

12/22/2006: NASD LETTER OF ACCEPTANCE, WAIVER AND CONSENT NO.## 20041000551-01 TO: Department of Market Regulation NASD RE: SG Americas Securities, LLC, Respondent CRD No. 128351 Pursuant to Rule 9216 of NASD Code of Procedure, Broker-Dealer, Inc., SG Americas Securities, LLC ("SGAS" 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 in Part II

Reference 2004100005101data-portal.finra.orgfinra.org

04/27/2017: FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER AND CONSENT NO. 2016050593301 TO: Department of Enforcement Financial industry Regulatory Authority ("FINRA") RE: SG Americas Securities, LLC, Respondent Member Firm BD No. 128351 Pursuant to FINRA Rule 9216 of FINRA's Code of Procedure, 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 AWC is submitted on the condition

Reference 2016050593301finra.orgdata-portal.finra.org

01/09/2018: FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER AND CONSENT NO. 20150442300-01 TO: Department of Enforcement Financial Industry Regulatory Authority (“FINRA”) RE: SG Americas Securities, LLC, Respondent Broker-Dealer CRD No. 128351 Pursuant to FINRA Rule 9216 of FINRA’s Code of Procedure, SG Americas Securities, LLC (the “firm”) submits this Letter of Acceptance, Waiver and Consent (“AWC”) for the purpose of proposing a settlement of the alleged rule violations

Reference 2015044230001finra.orgdata-portal.finra.org

04/10/2015: FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER AND CONSENT NO. 20130358266-01 TO: Department of Market Regulation Financial Industry Regulatory Authority ("FINRA") RE: SG Americas Securities, LLC, Respondent Broker-Dealer CRD No. 128351 Pursuant to FINRA Rule 9216 of FINRA's Code of Procedure, SG Americas Securities, LLC (the "firm") submits this Letter of Acceptance, Waiver and Consent ("AWC") for the purpose of proposing a settlement

Reference 2013035826601data-portal.finra.orgfinra.org

07/30/2013: FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER AND CONSENT NO. 20120303703-01 TO: Department of Enforcement Financial industry Regulatory Authority ("FINRA") RE: SG Americas Securities, LLC, Respondent ("SGAS" or the "Firm'') BD No. 128351 Pursuant to FINRA Rule 9216 of FINRA's Code of Procedure, Respondent submits this Letter of Acceptance, Waiver and Consent ("AWC") for the purpose of proposing a settlement ofthe alleged rule violations described below. This AWC is

Reference 2012030370301data-portal.finra.orgfinra.org

06/05/2025: From July 2017 through August 2023, SGAS inaccurately reported 166,421 transactions to FINRA’s Trade Reporting and Compliance Engine (TRACE), in violation of FINRA Rules 6730 and 2010. In addition, from July 2017 through January 2025, the firm failed to establish, maintain, and enforce a supervisory system, including written supervisory procedures, reasonably designed to achieve compliance with the firm’s TRACE reporting obligations, in violation of FINRA Rules 3110 and 2010. For these violations, the firm is censured and fined $275,000.

Reference 2023077775501data-portal.finra.orgfinra.org

10/26/2015: FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER AND CONSENT NO. 20110278319-01 TO: Department of Market Regulation Financial Industry Regulatory Authority ("FINRA") RE: SG Americas Securities, LLC, Respondent (f/k/a Newedge USA, LLC) Broker-Dealer CRD No. 128351 (formerly CRD No. 36118) Pursuant to FINRA Rule 9216 of FINRA's Code of Procedure, SG Americas Securities, LLC ("SGAS", the "firm", or "Respondent") submits this Letter of Acceptance, Waiver and Consent ("AWC") for the purpose

Reference 2011027831901data-portal.finra.orgfinra.org

09/20/2011: FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER AND CONSENT NO. 20070088884-01 TO: Department of Market Regulation Financial Industry Regulatory Authority ("FINRA") RE: SG Americas Securities, LLC, Respondent Broker-Dealer CRD No. 128351 Pursuant to FINRA Rule 9216 of FINRA's Code of Procedure, SG Americas Securities, LLC (the "firm") submits this Letter of Acceptance, Waiver and Consent ("AWC") for the purpose of proposing

Reference 2007008888401data-portal.finra.orgfinra.org

06/24/2020: FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER AND CONSENT NO. 2015047855901 TO: Department of Enforcement Financial Industry Regulatory Authority (FINRA) RE: SG Americas Securities, LLC, Respondent Member Firm CRD No. 128351 Newedge USA, LLC, (n/k/a SG Americas Securities, LLC) Former Member Firm CRD No. 36118 Pursuant to FINRA Rule 9216 of FINRA's Code of Procedure, Respondent SG Americas Securities, LLC ("SGAS" 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.

Reference 2015047855901finra.orgdata-portal.finra.org

12/15/2015: FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER AND CONSENT NO. 20120330516-01 TO: Department of Market Regulation Financial Industry Regulatory Authority ("FINRA") RE: SG Americas Securities, LLC, Respondent Broker-Dealer CRD No. 128351 Pursuant to FINRA Rule 9216 of FINRA's Code of Procedure, Respondent SG Americas Securities, LLC (the "Respondent" or "Firm") submits this Letter of Acceptance, Waiver and Consent ("AWC") for the purpose of proposing a settlement

Reference 2012033051601data-portal.finra.orgfinra.org

04/09/2015: FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER AND CONSENT NO. 2012033978801 TO: Department of Market Regulation Financial Industry Regulatory Authority ("FINRA") RE: SG Americas Securities, LLC, Respondent Broker-Dealer CRD No. 128351 Pursuant to FINRA Rule 9216 of FINRA's Code of Procedure, SG Americas Securities, LLC (the "firm") submits this Letter of Acceptance, Waiver and Consent ("AWC'') for the purpose of proposing a settlement

Reference 2012033978801data-portal.finra.orgfinra.org

01/04/2012: FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER AND CONSENT NO. 2010020993901 TO: Department of Enforcement Financial Industry Regulatory Authority ("FINRA") RE: SG Americas Securities, LLC (BD No. 128351), Respondent Pursuant to FINRA Rule 9216 of FINRA's Code of Procedure, SG Americas Securities, LLC ("Respondent" or "SGAS") submits this Letter of Acceptance, Waiver and Consent ("AWC") for the purpose of proposing a settlement of the alleged rule violations described below.

Reference 2010020993901data-portal.finra.orgfinra.org

08/17/2009: FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER AND CONSENT NO. 2008014361101 TO: Department of Enforcement Financial Industry Regulatory Authority ("FINRA") RE: SG Americas Securities, LLC (BD No. 128351), Respondent Pursuant to FINRA Rule 9216 of FINRA's Code of Procedure, SG Americas Securities, LLC (''Respondent" or "SGAS"). submits this Letter of Acceptance, Waiver and Consent ("AWC") for the purpose of proposing a settlement of the alleged rule violations described below.

Reference 2008014361101data-portal.finra.orgfinra.org

01/07/2014: FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER AND CONSENT NO. 20110292874-O1 TO: Department of Market Regulation Financial Industry Regulatory Authority ("FINRA") RE: SG Americas Securities, LLC, Respondent Broker-Dealer CRD No. 128351 Pursuant to FINRA Rule 9216 of FINRA's Code of Procedure, SG Americas Securities, LLC (the "firm") submits this Letter of Acceptance, Waiver and Consent ("AWC") for the purpose of proposing a settlement

Reference 2011029287401data-portal.finra.orgfinra.org