FIRST SOUTHWEST COMPANY

08/30/2013: FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER AND CONSENT NO. 2012030723901 TO: Department of Enforcement Financial Industry Regulatory Authority (''FINRA") RE: First Southwest Company, Respondent Member Finn CRD No. 316 Pursuant to FINRA Rule 9216 of FINRA's Code ofProcedure, 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 submitted on the condition

Reference 2012030723901finra.orgdata-portal.finra.org

12/03/2010: FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER AND CONSENT NO. 20100216392 TO: Department of Enforcement Financial Industry Regulatory Authority ("FINRA") RE: First Southwest Company, Respondent Member Firm CRD No.316 Pursuant to FINRA Rule 9216 of FINRA's Code of Procedure, First Southwest Company ("First Southwest" or "Respondent") submits this Letter of Acceptance, Waiver and Consent ("AWC") for the purpose of proposing a

Reference 2010021639201data-portal.finra.orgfinra.org

07/26/2007: NASD LETTER OF ACCEPTANCE, WAIVER AND CONSENT NO. E062004005102 TO: Department of Enforcement NASD RE: First Southwest Company, Respondent [CRD No. 316] Pursuant to Rule 9216 of NASD Code of Procedure, First Southwest Company 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

Reference E062004005102data-portal.finra.orgfinra.org

05/23/2007: NASD LETTER OF ACCEPTANCE, WAIVER AND CONSENT 20050024943-01 TO: Department of Market Regulation NASD RE: First Southwest Company. Broker-Dealer CRD No. 316 Pursuant to Rule 9216 of NASD Code of Procedure, First Southwest Company (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 actions against

Reference 2005002494301data-portal.finra.orgfinra.org

06/07/2013: FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, AND WAIVER AND CONSENT NO. 20100227327-01 TO: Department of Market Regulation Financial Industry Regulatory Authority ("FINRA") RE: First Southwest Company, Respondent Broker-Dealer CRD No. 316 Pursuant to FINRA Rule 9216 of FINRA's Code of Procedure, First Southwest Company (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. This AWC

Reference 2010022732701finra.orgdata-portal.finra.org

12/10/2009: FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANC, WAIVER AND CONSENT NO. 2008011590901 TO: Department of Enforcement Financial Industry Regulatory Authority ("FINRA") RE: First Southwest Company, Respondent Member Firm CRD No. 316 Pursuant to FINRA Rule 9216 of FINRA's Code of Procedure, First Southwest Company ("First Southwest" 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 2008011590901data-portal.finra.orgfinra.org

07/26/2007: NASD LETTER OF ACCEPTANCE, WAIVER AND CONSENT TO: Department of Enforcement NASD RE: First Southwest Company, Respondent [CRD No. 316] Pursuant to Rule 9216 of NASD Code of Procedure, First Southwest Company 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 actions against me alleging violations based on

Reference E062004030201data-portal.finra.orgfinra.org

07/16/2015: FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER AND CONSENT NO. 2013038322901 TO: Department of Enforcement Financial Industry Regulatory Authority ("FINRA") RE: First Southwest Company, Respondent Member Firm CRD No. 316 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

Reference 2013038322901finra.orgdata-portal.finra.org

12/16/2008: FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER AND CONSENT NO. 2008014569701 TO: Department of Enforcement Financial Industry Regulatory Authority ("FINRA") RE: First Southwest Company, Respondent Member Firm BD No. 316 Pursuant to NASD 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 that, if

Reference 2008014569701data-portal.finra.orgfinra.org