Global Financial Services L.L.C.

05/08/2025: From June 2020 to the present, Global Financial failed to establish and maintain a supervisory system, including written supervisory procedures (WSPs), reasonably designed to achieve compliance with Rule 15l-1 of the Securities Exchange Act of 1934 (Regulation Best Interest or Reg BI), and FINRA Rules as they relate to recommendations of complex products like volatility-linked ETPs to retail and non-retail customers and the risk of recommending to retail and non-retail customers a single foreign currency denominated bond at concentration levels inconsistent with the customers’ profiles. As a result, Global Financial violated Rule 15l-1 of the Exchange Act and FINRA Rules 3110 and 2010. For these violations, Global Financial is censured, fined $50,000, and has undertaken to certify to the remediation of the issues identified in this AWC.

Reference 2022074734101data-portal.finra.orgfinra.org

04/25/2013: FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER AND CONSENT NO. 20090174426-01 TO: Department of Market Regulation Financial Industry Regulatory Authority ("FINRA") RE: Global Financial Services, L.L.C., Respondent Broker-Dealer CRD No. 35699 Pursuant to FINRA Rule 9216 of FINRA's Code of Procedure, Global Financial Services, L.L.C. (the "firm") submits this Letter of Acceptance, Waiver and Consent ("AWC") for the purpose of

Reference 2009017442601data-portal.finra.orgfinra.org

08/23/2013: FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER AND CONSENT NO. 20120331246-01 TO: Department of Market Regulation Financial Industry Regulatory Authority (“FINRA") RE: Global Financial Services, L.L.C., Respondent Broker-Dealer CRD No. 35699 Pursuant to FEIRA Rule 9216 of FINRA's Code of Procedure, Respondent Global Financial Services, L.L.C. (the “firm") submits this Letter of Acceptance, Waiver and Consent (“AWC”) for the purpose of proposing a

Reference 2012033124601data-portal.finra.orgfinra.org

12/30/2005: NASD REGULATION, INC. LETTER OF ACCEPTANCE, WAIVER AND CONSENT NO. E062004005301 TO: Department of Enforcement NASD Regulation, Inc. RE: Global Financial Services, L.L.C. Member Firm CRD No. 35699 Robert Claus Arthur Benjamin General Securities Principal CRD No. 838266 Gerardo Arturo Chapa General Securities Principal CRD No. 1451790 Ricardo Perusquia General Securities Principal CRD No. 1781426 Pursuant to Rule 9216 of the National Securities Dealers, Inc. ("NASD") Code of Procedure, Global Financial

Reference E062004005301data-portal.finra.orgfinra.org