Andes Capital Group LLC

09/10/2013: FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER AND CONSENT NO. 2013035046401 TO: Department of Enforcement Financial Industry Regulatory Authority ("FINRA") RE: Andes Capital Group, LLC, Respondent Member CRD No. 139212 Mohammed M. Elahi, Respondent Registered Principal CRD No. 4522290 Pursuant to FINRA Rule 9216 of FINRA's Code of Procedure, Andes Capital Group, LLC and Mohammed M. Elahi (collectively, "Respondents") submit this Letter of Acceptance, Waiver and Consent ("AWC")

Reference 2013035046401data-portal.finra.orgfinra.org

04/24/2026: From June 30, 2020 to the present, Andes Capital has failed to establish, maintain, and enforce written policies and procedures reasonably designed to achieve compliance with Rule 15l-1(a)(1) of the Securities Exchange Act of 1934 (Reg BI), in violation of Reg BI and FINRA Rules 3110 and 2010. In addition, in connection with six private placement offerings between December 2021 and August 2023, the firm did not timely file required documents with FINRA in violation of FINRA Rules 5123 and 2010. For these violations, the firm is censured, fined $25,000, and agrees to an undertaking.

Reference 2023077001001finra.orgdata-portal.finra.org

08/25/2021: FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER, AND CONSENT NO. 2019064979901 TO: Department of Enforcement Financial Industry Regulatory Authority (FINRA) RE: Andes Capital Group, LLC (Respondent) Member Firm CRD No. 139212 Pursuant to FINRA Rule 9216, Respondent Andes Capital Group, 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 2019064979901data-portal.finra.orgfinra.org