Brokerbank Securities Inc.

03/20/2023: FINANCIAL INDUSTRY REGULATORY AUTHORITY OFFICE OF HEARING OFFICERS Department of Enforcement, Complainant, v. BrokerBank Securities, Inc. CRD No. 130116, And Philip Paul Wright, CRD No. 2453688, Respondents. Disciplinary Proceeding No. 2022074278301 COMPLAINT The Department of Enforcement alleges: SUMMARY 1. Between November 10, 2017 and October 28, 2019, Respondent BrokerBank Securities, Inc. (“BrokerBank”), acting through Respondent Philip Paul Wright, permitted Individual A to engage in securities business through the firm by participating in the sale of bonds and preferred shares of a single issuer (the “Securities”) to the firm’s retail customers. Wright was the firm’s majority owner, Chief Executive Officer, and sole supervising principal, and was responsible for directly supervising Individual A.

07/24/2023: FINANCIAL INDUSTRY REGULATORY AUTHORITY OFFICE OF HEARING OFFICERS DEPARTMENT OF ENFORCEMENT, Complainant, v. BROKERBANK SECURITIES, INC. CRD No. 130116, and PHILIP PAUL WRIGHT (CRD No. 2453688), Respondents. Disciplinary Proceeding No. 2022074278301 Hearing Officer–BEK DEFAULT DECISION July 24, 2023 Respondent BrokerBank Securities, Inc. is expelled from FINRA membership and Respondent Philip Paul Wright is barred from associating with any FINRA member firm in any capacity for (1) permitting an unregistered person to act in a registered capacity; (2) permitting a disqualified person to associate with BrokerBank; and (3) sharing commissions with an unregistered person. Respondents violated Article III, Section 3(b) of FINRA’s By-Laws, NASD Rule 1031, and FINRA Rules 1210, 2010, 2040, and 8311. Respondent Wright is also barred from associating with any FINRA member firm in any capacity for failing to provide information and documents to FINRA staff, in violation of FINRA Rules 8210 and 2010.

Reference 2022074278301data-portal.finra.orgdata-portal.finra.orgfinra.org

03/30/2016: FINANCIAL INDUSTRY REGULATORY AUTHORITY OFFICE OF HEARING OFFICERS Department of Enforcement, Complainant, V. BrokerBank Securities, Inc., CRD No. 130116, and Philip Paul Wright, CRD No. 2453688, Respondents. Disciplinary Proceeding No. 2014041087701 Hearing Officer ___ COMPLAINT The Department of Enforcement alleges: SUMMARY 1. During the period of January 1, 2014 through October 28, 2015 ("the relevant period''), BrokerBank Securities, Inc. ("BrokerBank" or "the firm"), acting through Philip Paul

05/31/2016: FINANCIAL INDUSTRY REGULATORY AUTHORITY OFFICE OF HEARING OFFICERS Department of Enforcement, Complainant, v. BrokerBank Securities, Inc., CRD No. 130116 and Philip Paul Wright, CRD No. 2453688, Respondents. Disciplinary Proceeding No. 2014041087701 Hearing Officer - MC ORDER ACCEPTING OFFER OF SETTLEMENT Date: May 31, 2016 INTRODUCTION Disciplinary Proceeding No. 2014041087701 was filed on March 30,2016, by the Department of Enforcement of the Financial Industry Regulatory Authority (FINRA) (Complainant).

Reference 2014041087701data-portal.finra.orgdata-portal.finra.orgfinra.org

09/10/2018: FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER AND CONSENT NO. 2015043584501 TO: Department of Enforcement Financial Industry Regulatory Authority (“FINRA”) RE: Brokerbank Securities, Inc., Respondent CRD No. 130116 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

Reference 2015043584501data-portal.finra.orgfinra.org