Calton & Associates Inc.

07/20/2006: NASD LETTER OF ACCEPTANCE, WAIVER AND CONSENT NO. 20042000228-01 TO: Department of Market Regulation NASD RE: Calton & Associates, Inc., Respondent CRD No. 20999 Pursuant to Rule 9216 of the NASD Code of Procedure, Calton & Associates, Inc. ("CALT"' 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 below. This AWC is submitted on the condition that, if accepted, NASD will not bring

Reference 2004200022801data-portal.finra.orgfinra.org

12/18/2020: FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER, AND CONSENT NO. 2019062882101 TO: Department of Enforcement Financial Industry Regulatory Authority (FINRA) RE: Calton & Associates, Inc. (Respondent) Member Firm CRD No. 20999 Pursuant to FINRA Rule 9216, Respondent Calton & Associates, Inc. (“Calton,” 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 2019062882101data-portal.finra.orgfinra.org

09/14/2016: FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER AND CONSENT NO. 20150464918-01 TO: Department of Market Regulation Financial Industry Regulatory Authority ("FINRA") RE: Calton & Associates, Inc., Respondent Broker/Dealer CRD No. 20999 Pursuant to FINRA Rule 9216 of FINRA's Code of Procedure, Calton & Associates, 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

Reference 2015046491801data-portal.finra.orgfinra.org

05/18/2021: FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER, AND CONSENT NO. 2018060466201 TO: Department of Enforcement Financial Industry Regulatory Authority (FINRA) RE: Calton & Associates, Inc. (Respondent) Member Firm CRD No. 20999 Pursuant to FINRA Rule 9216, Respondent Calton & Associates, Inc. submits this Letter of Acceptance, Waiver, and Consent (AWC) for the purpose of proposing a settlement of the alleged rule violations described below.

Reference 2018060466201data-portal.finra.orgfinra.org

05/20/2025: Between May 14, 2018 and April 2021, Calton violated MSRB Rule G-15 and FINRA Rules 2232 and 2010 by failing to disclose required mark-up and mark-down information on hundreds of retail customer confirmations. Between July 2018 and May 2022, the firm violated MSRB Rule G-14 by failing to report the correct time of trade to the MSRB's Real-Time Transaction Reporting System (RTRS) for more than 7,800 municipal securities transactions and FINRA Rules 6730 and 2010 by failing to report the correct time of execution to TRACE for more than 1,000 securities transactions. From May 2018 to July 2024, Calton violated MSRB Rule G-27 and FINRA Rules 3110 and 2010 by failing to establish and maintain a supervisory system, including WSPs,reasonably designed to achieve compliance with applicable disclosure and reporting obligations in MSRB Rules G-15 and G-14 and FINRA Rules 2232 and 6730. For these violations, Calton is censured and fined $75,000.

Reference 2020065108002data-portal.finra.orgfinra.org